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COPPER_ HGH20

Weekly – Two week rally off the 2.47 lows. Trade pressures are down but showing a bullish reversal. Volumes are neutral.

Daily – Long. In the move up from the 2.55 level. Trade pressures are up but turning down. Volumes are bullish.

The next target up is 2.67. The 120 minute chart pressures have turned down. A close below 2.53 would signal lower.

Stops are at 2.58.

[2-19-20: Stopped out at the 2.58 level.]

 

GOLD_ GCJ20

Weekly – Moving sideways. Trade pressures are still up but in a bearish reversal. Volumes are bullish.

Daily – Flat. In the move down but in a week long retracement move up. Trade pressures are up. Volumes are bullish.

The next target up is the prior 1618 high.

At resistance now. A close below 1580 the Friday low would signal a resumption of the move down.

 

SILVER_ SIH20

Weekly – In a similar retracement move up inside the larger down move. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the move down from the 18.06 short entry. Trade pressures are up. Volumes are neutral.

The next target down is 17.23. A close above 18.20 would signal higher.