Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU20

Weekly – In the move up after the break into a new uptrend. Trade pressure are up. Volumes are bullish.

Daily – Flat. In the move up from the April long entry. Trade pressures are up but reversing. Volumes are bullish.

The next target up is the 2.78 162% target.

In a retracement now. A close below 2.59 would signal lower.

 

GOLD_ GCQ20

Weekly – Still testing the downtrend resistances. Trade pressures are up. Volumes are bullish.

Daily – Flat. After the 1807 high now in retracement. Trade pressures are down into the neutral zone.

The next target up is 1836.

A close below 1772 would signal lower.

 

SILVER_ SIU20

Weekly – six weeks into the new uptrend. Trade pressures are up but diverging. Volumes are bullish.

Daily – Flat. In the move up but retracing. Trade pressures are down. Volumes are bearish.

The next target up is 19.10.

A close below 17.26 would signal lower.