#copperfutures #goldfutures #silverfutures

COPPER_ HGK20

Weekly – 4 weeks into the recovery off the lows. Trade pressures are rising into the neutral zone. Volumes are neutral.

Daily – Flat. In the move up from the March 2.07 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 2.38.

At resistance now. A close below 2.20 would signal lower.

 

GOLD_ GCM20

Weekly – Tested the 1800 highs. Trade pressures are up. Volumes are bearish.

Daily – Short. In the new move down from the 1729 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 1632. But use tight stops as the weekly pressures remain up.,

A close back above 1750 would signal higher.

Use the rallies to work into the short on shorter time frames.

[4-22-20: gold has pulled back to the short entry price. close the short here for a break even.]

 

SILVER_ SIK20

Weekly – At resistance. Trade pressures are up. Volumes are neutral.

Daily – Flat. In the move up from the 12.95 entry. Trade pressures are now down. Volumes are neutral.

The next target up is 16.90.

A close below 14.35 would signal lower.