#copperfutures #goldfutures #silverfutures

COPPER_ HGZ18  (roll to December)

Weekly – Remains in the downtrend. Trade pressures are down and trending. Volumes are bearish. the next weekly target down is 2.36.

Daily – Flat. In the move up from the 2.74 long entry. Trade pressures are down into the neutral zone. Volumes have turned down into the weekend. The 25×5 moving average has acted as resistance as expected. The second time thru the 2.74 should be a trigger.

GOLD_ GCZ18

Weekly – Bounced off the Oct 2017 lows. Trade pressures remain down. Volumes remain bearish.

Daily – Flat. The retracement move up was triggered at the 1197 level. But waiting for confirmation thru the 25×5 moving average. Trade pressures are up but have turned down. Volumes remain bullish.

The next target up is 1245, if price gets thru the 25×5 moving average.

While still in the down tend, a close blow 1169 would signal lower once again.

 

SILVER_ SIZ18

Weekly – Remains in the downtrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the move up after crossing thru the 14.92 long entry. Trade pressures are up. Volumes are bearish.

As with gold, waiting for confirmation above the 25×5 moving average.

The next target up is 15.71.

14.43 is the downside target and the prior low.