Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ18

Weekly – A breakout week to the upside . Trade pressures are down but tuning up. Volumes are now bullish.

Daily – Flat. In the up trend after the break above the 25×5 moving average. Trade pressures are up. Volumes are bullish.

In the move up from the 2.74 long entry. The next target up is 3.03.

A close below the 25×5 moving average will signal lower.

Looking for a pull back to enter the long trade.

 

GOLD_ GCZ18

Weekly – In the weekly move down. Trade pressures are down but turning up. Volumes are bearish.

Daily – Flat. Both the 1193 downside target and the new long entry at 1197 are becoming a consolidation area. Trade pressures are down. Volumes are Bearish.

In the move up from the 1197 long entry and now above the 25×5 moving average.

Close at 1201. Enter the trade In the nite session of Sunday.

[9-24-18: Long at 1203, raise the stops to 1203] [9-24-18: market close and stopped out at breakeven. Will attempt another long entry lower]

 

SILVER SIZ18

Weekly – Continues the move down to the 13.69 weekly target. Trade pressures are down. Volumes are neutral.

Daily – Flat. In the move down. Trade pressures are rising into the neutral zone. Volumes are bullish.

The next target down is 13.67.

The next long entry is nearby at 14.45.