COPPER_ HGH18  #copperfutures

Weekly – Consolidating at the 3.26 level; with a downward bias. Trade pressures are down. Volumes have changed form neutral to bullish.

Daily – Flat. Trade down to the 3.11 downside target and then bounced back to the short entry level. Trade pressures are up. Volumes have changed from bullish to neutral.

The next target down is a retest of the 3.11 level.

This close above 3.19 is signaling a new move up. But with the downward weekly pressures; It is best to wait.

 

GOLD_ GCJ18  #goldfutures

Weekly – A retest of the Sept highs. Trade pressures are up and trending. Volumes remain bullish.

Daily – Flat. At the expected upside levels. Trade pressures are up but showing some divergence. Volumes are bullish.

The next target up is 1394.

A close below 1340 would signal lower.

 

SILVER_ SIH18  #silverfutures

Weekly – At the upper boundary of the channel described by 16.40 and 17.60. Trade pressures are up and trending. Volumes are now bullish.

Daily – Flat. At the 17.49 upside target. Trade pressures are neutral.  Volumes are bullish.

The next target up is 18.69.

A close below 17.05 would signal lower.