COPPER_ HGZ17  #copperfutures

Weekly – In consolidation after reaching the 3.23 target. Trade pressures are up. Volumes have changed from bearish to neutral.

Daily – Flat. In a wedge formation, the decision point is expected before the 20th of November.Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 3.02.

A move above 3.17 would signal higher.

 

GOLD_ GCZ17  #goldfutures

Weekly – Now five weeks of consolidation at the 25×5 moving average at 1275. Trade pressures are down. Volumes are bearish.

Daily – Flat. Also in consolidation at the 1263 support line. Trade pressures are down but rising. Volumes are mixed neutral to bearish.

The next target down is 1246.

A close above 1298 would signal higher.

 

SILVER_ SIZ17  #silverfutures

Weekly – The weekly remains in consolidation at the long entry price of 16.99. trade pressures are now down. Volumes are bearish.

Daily – Flat. Four down days of trading have held at the 16.57 support line. Trade pressures are neutral. Volumes are now bearish.

The next target down is 16.29.

A close above 17.06 would start a new move up.