COPPER_ HGU18  #copperfutures

Weekly – Back to the July 2017 long entry price at 2.74. Trade pressures are down. Volumes remain bearish. Tariffs up, copper down?

Daily – Flat. Very near the final  2.68 downside target. Trade pressures are down and trending. Volumes remain bearish.

The next target down is the 2.68 level.

A close above 2.80 would signal a retracement of the move down.

 

GOLD_ GCQ18  #goldfutures

Weekly – In the weekly move down to the weekly 1212 target . Trade pressures are down and trending. Volumes are bearish.

Daily – Flat. The attempt at a new move up failed. The stops kept the loss at a break-even. Trade pressures are down but rising. Volumes are bearish once again.

The next target down is 1222.

A close above 1250 would signal another attempt at a retracement up of this move down.

 

SILVER_ SIU18  #silverfutures

Weekly – Testing prior lows. Trade pressures are down. Volumes are bearish.

Daily – Flat. Continuing the move down after a 4 day run up to test the start of a new move up. Failed. Trade pressures are down but rising. Volumes remain bearish.

The next target down is 15.40.

A close above 16.00 would signal another attempt at a retracement higher.