COPPER_ HGU18  #copperfutures

Weekly – The prior weekly long entry has held as support foe two weeks. Trade pressures are down. Volumes are bearish.

Daily – Flat. At the end of the move down from the 3.24 short entry. Trade pressures are down and trending. Volumes closed bullish on Friday.

At the 2.68 downside target.

A close above 2.76 would signal the start of a retracement trade up. Should see that in the next session?

GOLD_ GCQ18  #goldfutures

Weekly – The 1210 low touched the 1212 downside target and closed at 1231. Trade pressures are down. Volumes closed as bullish.

Daily – Long. The close above the 1224 long entry signals a retracement up. Trade pressures are down. Volumes are now bullish.

The next target up is 1247.

Set the stop at the 1210 low.

 

SILVER_ SIU18  #silverfutures

Weekly – Also at the weekly target levels. Trade pressures are down. Volumes are bearish.

Daily – Flat. At the 15.22 downside target. Trade pressures are down but showing divergences. Volumes are now bullish.

The 15.48 entry level has been triggered.  (But Gold is easier to trade, so – pass.)

The next target up is 16.97.

The stop is the 15.18 low pivot.