COPPER_ HGK18  #copperfutures

Weekly – Since the 2017 year-end breakout failure at 3.27 the weekly has been in a 20 cent trading range between 3.00 and 3.27. Trade pressures are down Volumes are bearish.

Daily – Flat. In the move down from the 3.20 short entry level. Trade pressures are up. Volumes are neutral.

Now consolidating at the 3.10 downside target. The next target down is 2.99.

The hourly is oversold. A close above 3.16 would signal higher.

 

GOLD_ GCJ18  #goldfutures

Weekly – After the double top at the 1351 target, now consolidating above the 25×5 moving average at 1312. Trade pressures are down. Volumes have changed from bullish to bearish.

Daily – Flat. Consolidating above the low pivot at 1305. Trade pressures are neutral. Volumes have changed to bearish.

A break below the 1305 pivot would activate the 1265 downside target.

A close above the 1329 long entry would signal higher.

 

SILVER_ SIK18  #silverfutures

Weekly – Remains in the downtrend while consolidating just under the 25×5 moving average. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In a retest of the recent lows. Trade pressures are down. Volumes are bearish.

The next target down is 15.81.

Hourly pressures are over sold. A close above 16.64 would signal higher.