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COPPER_ HGZ20
Weekly – Mixed week as the election approaches. Trade pressures are up. Volumes are neutral.
Daily – Flat. In a retracement move down for the 3.31 highs. Trade pressures are down but basing. Volumes are bearish.
The next target down is the 2.98 new short entry.
Support is the 2.99 up trend support line.
GOLD_ GCZ20
Weekly – Retracing in the up trend. Trade pressures are down. Volumes are bearish.
Daily – Flat. In the down trend. Trade pressures are down. Volumes are bullish.
The next target down is 1835.
A close above the downtrend resistance at 1956 would signal higher.
SILVER_ SIZ20
Weekly – Retracing in the uptrend. Trade pressures are down. Volumes are bearish.
Daily – Remains in the move down; moving side ways. Trade pressures are down, but rising. Volumes are neutral.
The next target down is a retest of the 21.87 level.
A close above the down trend resistance line at 25.60 would signal higher.