#copperfutures #goldfutures #silverfutures

COPPER_ HGZ18

Weekly – Short covering took copper to test the weekly long entry at 2.87. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Flat. The long trade was stopped out at the entry price. Trade pressures are up but rolling over. Volumes are bearish.

Looking for more pull back and then a reentry at the 2.73 level.

The next target up is 2.89.

A close below the 2.68 uptrend support would signal lower.

 

GOLD_ GCZ18

Weekly – Still in consolidation after the move down to 1170. Trade pressures are down and trending. Vlumes are now neutral.

Daily – Flat. In a tight channel between 1193 and 1220. Trade pressures are up. Volumes are neutral.

A close above 1210 with bullish volume would signal higher.

A break of the 1170 low would signal lower.

 

SILVER_ SIZ18

Weekly – The prior Daily attempt higher could not turn the weekly. All about the Dollar. Trade pressures are down hard. Volumes are bearish.

Daily – Flat. Still in the move up off the 14.45 long entry. Trade pressures are in the neutral zone. Volumes are bearish to bullish.

Looking for a dip below the 14.45 for a reentry.

The next target up is 15.24.

A close below 14.12 would signal lower.