COPPER_ HGU18  #copperfutures

Weekly – In the weekly downtrend. Trade pressures are down. Volumes are bearish. Near a time cycle low.

Daily – Flat. The 2.68 target was touched, and after a small rally that level was retested early in the week and then failed a few days after the dollar futures broke above 95. Trade pressures are down. Volumes are now neutral.

Consolidating around the 2.68 target level.

Need a close above the 2.72 long entry trigger and the 25×5 moving average to get a new move up.

 

GOLD_ GCZ18  #goldfutures

Weekly – At a retest of the late 2017 lows. Trade pressures are down and extended. Volumes are  bearish.

Daily – Flat. At the end of a move down from the 1300 short entry level.
Trade pressures are down. Volumes are now bullish.

At the 1172 downside 3rd target and consolidating. The next target down is 1159.

A close above 1204 and the 25×5 moving average would signal a retracement move up.

 

SILVER_ SIU18  #silverfutures

Weekly – 10 weeks down. Trade pressures are down and extended. Volumes remain bearish.

Daily – Flat. At 14.31, the 1st target down of the second leg down. Trade pressures are down. Volumes are now neutral.

The next target down is 13.45.

A close above 14.80 would start a retracement up.