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COPPER_ HGZ18

Weekly – Remains in the 3 month move side ways. Trade pressures are in the neutral zone. Volumes are neutral. Contract rollover this week.

Daily – Flat. In the down trend channel between 2.80 and 2.60. Trade pressures are up. Volumes are bullish.

Need a breakout above the downtrend line at 2.82. Then expect a move to 2.93.

Else, a reversion to the lower channel bound at 2.64. The trade pressures will dictate the direction.

A close below 2.71 would signal lower.

 

GOLD_ GCZ18

Weekly – In the  downtrend. Contract rollover this week. Trade pressures are rising into the neutral zone.

Daily – Flat. Rallied to the 1237 target then pulled back to the 1197 long entry price. Trade pressures are up. Volumes are bullish.

The next target up is the 1237 once again.

A close below the 1197 would signal lower.

 

SLIVER SIZ18

Weekly – In the down trend . Contract rollover this week. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the move down from the 14.05 short entry. Trade pressures are up.Volumes are bearish.

The next target down is 13.15.

A close above the 25×5 MA at 14.41 would signal higher.