Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ20

Weekly – Remains in the uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up. Trade pressures are up and extended. Volumes are bullish. The next target up is 3.21 the prior high. Expect consolidation here.

A close below 3.08 would signal lower.

 

GOLD_ GCZ20

Weekly – 5 day rally. Trade pressures are up. Volumes are bullish.

Daily – Long.  In the new move up from the 1951 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 2054. Look for a pull back to enter this new long.

A close below 1906 would restart the move down.

[11-09-20: Stopped out at the 1906 level.]

 

SILVER_ SIZ20

Weekly – Breakout to the upside. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Flat. Just touched the new long entry. Trade pressures are up. Volum es are bullish.

The next target up is the long entry at 26.05.

A close below the 25×5 MA at 24.43 would signal lower.