Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH21

Weekly – Remains in the April 2020 up trend. Trade pressures are up but reversing. Volumes are bullish.

Daily  -Flat. Sideways to down. Trade pressures are down but turning up. Volumes are bearish.

The next target up is the prior high.

A close below 3.50 would signal lower.

 

GOLD_ GCJ21

Weekly – Still in the April 2020 uptrend, but declining toward the 1771 support. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. Sitting on the 200 day MA. Trade pressures are up. Volumes are bearish.

The next target down is 1825.

A close above 1870 1875 would restart the move up.

 

SILVER_ SIH21

Weekly – In the May 2020 up trend. Trade pressures are down but rising. Volumes are bullish.

Daily – Flat. Testing the upper median line of the downward pitchfork. Trade pressures are up. Volumes are neutral.

A close above 27.11 starts the new move up. The next target up is 27.83.

A close below 24.04 signals lower.

[1-31-21: Long at the sunday nite open @ 28.42] [Set stops at 2842.]

[2-2-21: stopped out at break even in the overnight retracement.]