Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH21

Weekly – Remains in the long uptrend from late June 2020/ Trade pressures are up but reversing. Volumes are bullish.

Daily – Flat. Retracing the move up. Trade pressures are up but reversing. Volumes are bearish.

Still in the move up. The next target up is the prior pivot high at 3.73.

The next target down is the new shot entry at 350.46.

 

GOLD_ GCG21

Weekly – Testing the support levels of the July 2020 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. The new long trigger was voided with a move below the lower median line. Trade pressures are down. Volumes are bearish.

The next target down is the prior 1767 low.

A close above 1914 once again would trigger a new long entry.

 

SILVER_ SIH21

Weekly – Looking more healthy than gold. Trade pressures are down. Volumes are bullish.

Daily – Short. In the new move down form 26.04. Trade pressures are down. Volumes are bearish.

The next target down is 23.97.

A close above 25.70 would signal higher.