COPPER_ HGU18  #copperfutures

Weekly – In the move down. Trade pressures are down and trending. Volumes are bearish.

Daily – Flat. Has traded up thru the 2.64 trigger for a retracement up. Trade pressures are up into the neutral zone. Volumes are neutral to bullish.

The 25×5 moving average at 2.70 is acting as resistance. Wait for that resistance to be breached. The next target up is 2.77.

A close below the low pivot at 2.56 would act as the stop.

 

GOLD_ GCZ18  #goldfutures

Weekly – Has traded down to the 1178 downside target. Trade pressures are down but rising slightly. Volumes remain bearish.

Daily – Flat. In a new retracement move up from the 1197 entry. Trade pressures are up into the neutral zone. Volumes are neutral to bullish.

The next target up is 1245, but need to get thru the 25×5 moving average at 1213 first.

A close below the low pivot at 1187 would be the stop.

 

SILVER_ SIU18  #silverfutures

Weekly – Remains in the move down. Trade pressures are down and trending. Volumes remain bearish.

Daily – Flat. In the move down from the 17.09 level. Trade pressures are down. Volumes are bearish to bullish.

14.80 is the new retracement long entry and has been tested once and failed.

The next target down is 13.91.

A close above the 15.03 and the 25×5 moving average would signal higher.