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COPPER_ HGZ18

Weekly – Continues the consolidation at the 2.74 level. Trade pressures are in the neutral zone. Volumes are now neutral.

Daily  – Flat. A four day rally triggers the long entry at 2.74. Trade pressures are up into the neutral zone. Volumes are bullish.

The next target up is the 2.82 level.

Look for a pull back near the 2.74 to get long.

The 25 x 5 is flat without direction , so tight stops at the 2.64 low pivot and moving up to breakeven as soon as the 2.82 target is touched.

 

GOLD_ GCz18

Weekly – Remains in the downtrend. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Flat. In the new move down from the 1197 level. Trade pressures are down but rising. Volumes are bullish.

The next target down is the 1184 low pivot.

The stop is the 25 x 5 moving average at 1224.

Price closed at 1223, so any new short needs to look to lower time frames for the set up.

 

SILVER_ SIZ18

Weekly – Touched the short trigger level and bounced up off that level. Trade pressures are down and rising. Volumes are bearish to bullish.

Daily – Flat. Attempted a short at the 14.14 level, which was stopped out for a break even. Trade pressures are down but rising into the neutral zone.

The next target up is 14.46.  Expect resistance at the the 25 x 5 moving average at 14.51.

A close below the uptrend support line at 14.20 would signal lower.

Any stops for the move up would be at 13.86.