COPPER_ HGU18  #copperfutures

Weekly – Down to the prior weekly long entry which is the new short entry. Trade pressures are down and extended. Volumes remain bearish.

Daily – Flat. Moved down to the 2.68 target then moved up thru the new long entry. Trade press uses are up into the neutral zone. Volumes are bearish.

Consolidating at the new long entry. Need a move above the 25×5 moving average to confirm the second attempt at a new long trade.

The next target down is the weekly prior low at 2.57

 

GOLD_ GCZ18  #goldfutures

Weekly – Remains in the move down and thru the 1229 target. Trade pressures are down and trending. Volumes are bearish. The next weekly target down is 1129.

Daily – Flat. Continuing the move down – dollar up gold down? Trade pressures are trending down. Volumes remain bearish.

The next target down is 1182.

1226 is the new long entry, but need confirmation above the 25×5 moving average.

 

SILVER_ SIU18  #silverfutures

Weekly – In the move down and below the 15.65 downside target. Trade pressures are down and extended. Volumes are bearish.

Daily – Flat. As with Gold the precious metals are in consolidation and in a trigger for a new move up. Trade pressures are up into the neutral zone. Volumes remain bearish.

The next target down is the weekly 13.46.

A close above the 15.48 has occurred and has signaled a new long entry. But, must \wait for a move thru the 25×5 moving average to confirm.