COPPER_ HGK18  #copperfutures

Weekly – 8 weeks testing the 3.27 level which is acting as resistance. Trade pressures are up. Volumes are bearish.

Daily – Flat. In a retracement down inside the move up from 3.13. Trade pressures are down into the neutral zone. Volumes are bullish.

The next target up is 3.42.

Resistance now at the downtrend line at 3.27.

A close below 3.20 would signal lower.

 

GOLD_ GCJ18  #goldfutures

Weekly – 5 weeks testing the resistance provided by the 1351 level. Trade pressures are down into the neutral zone. Volumes are bullish.

Daily – Flat. In a channel bounded by 1305 and 1370. Trade pressures are down. Volumes are bearish.

In a retracement move down from the 1349 level.

The next target down is 1302.

A close above 1370 would signal higher.

 

SILVER_ SIK18  #silverfutures

Weekly – Downward pressures and below the 25×5 moving average. Trade pressures are down and trending. Volumes are bearish.

Daily –  Flat. In the move down from the 17.28 level. Trade pressures are neutral. Volumes are bearish.

At the downward sloping median line and consolidating. The next target down is 15.81.

A close above the 16.67 level would signal higher.