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COPPER_ HGU19

Weekly – In the weekly move sideways since the last week of September. Trade pressures are in the neutral zone but ticking up. Volumes remain neutral.

Daily – Flat. But with a slight bias to the upside. Trade pressures are in the neutral zone. Volumes are bullish.

A two cycle long entry is at the 2.73- 2.74 levels.

In the 2.74 to 2.84 channel. Need a close above 2.84 to get a new long going.

 

GOLD_ GCG19

Weekly – In between multiple targets at the 1134 level and the 25×5 MA above. Trade pressures are up into the neutral zone. Volumes remain bullish.

Daily – Flat. In a downtrend. Trade pressures are down into the neutral zone. Volumes are mixed, bearish to neutral.

Has been trading up then down in 15 point moves, not unlike the ES.

A close above 1246 would signal higher.

A close below 1216 would signal lower.

 

SILVER_ SIU19

Weekly – In the long move down. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the down trend. Trade pressures are in the lower level of the neutral zone. Volumes are bearish.

The 14.18 short entry was triggered 11/12. Then a rally to the 25×5 MA which held as resistance.

Now attempting a second time thru the 14.18.

13.71 is the next target down.

A close above the 25×5 MA at 14.62 would signal higher.

A close above the downtrend resistance line at 14.86 would confirm any new move up.