#copperfutures #goldfutures #silverfutures

COPPER_ HGN20

Weekly – Testing the 2.40 median line resistance. Trade pressures are up but turning down. Volumes are still bullish.

Daily – Flat. In the move up from the second leg entry at 2.23. Trade pressures are up. Volumes are bearish.

The next target up is 2.63  2.53.

A close below 2.25 would signal lower.

[5-18-20: Raise any stops to 2.33.]

 

GOLD_ GCM20

Weekly – Four weeks of bullish weekly Volumes. Trade pressures are up. Volumes are bullish.

Daily – Long. A breakout of the downward sloping trend line starts a new move up and is confirmed by the close above 1753, the new long entry. Trade pressures are up, but extended.  Volumes are bullish.

The next target up is 1788, the prior high.

A close below the 25×5 at 1722 would signal lower.

5-17-20: Sun nite. Raise the stops to breakeven, 1753.

[5-18-20: Stopped out for a breakeven. Ran to 1775 in the overnite session.]

 

SILVER_ SIN20

Weekly – Broke out above the median line resistance at 15.99. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up after consolidation at the 15.02 target. Trade pressures are up. Volumes are bullish.

The next target up is 17.64. Take profits there.

A close below 15.41 would signal lower.