#copperfutures #goldfutures #silverfutures

COPPER_ HGU19

Weekly – Following the equity markets. Trade pressures are stuck in the neutral zone. Volumes have moved from neutral to bearish.

Daily – Flat. Gave a mid week breakout signal then collapsed the ensuing days. Trade pressures are down. Volumes are bearish.

In the move up from the 2.74 long entry in November, tested the 2.84 target and failed. Now back at that same long entry. Closed below the up sloping pitchfork lower median line and the 25×5 MA. Need to close back above these resistances.

The stop is the 2.66 low pivot.

Any tariff positives will guide any new entry into Copper.

 

GOLD GCF19

Weekly – The late day move up puts the weekly up over the 25×5 MA. Trade pressures are rising in the neutral zone. Volumes are bullish.

Daily – Flat. In the move up from the 1218 level. Trade pressures are up. Volumes are bullish.

Thru the 1241 target. The next target up is 1254.

Stops are at the 25×5 MA @ 1230.

 

SILVER_ SIH19

Weekly – Still in the move sideways. Trade pressures are dwon but rising. Volumes have changed from bearish to neutral.

Daily – Flat. Still in the move down from the 14.18 level. Trade pressures are up. Volumes are bullish.

The next target down is 13.29.

Stops are at 14.87 which will also change the trend from down to up.

Wait.