Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH19

Weekly – Remains in the downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. The move up to the 2.80 channel high failed and sent the market down. Trade pressures are down. Volumes are neutral.

The next target down is the 2.63 level.

A close above the 2.70 would signal higher.

 

GOLD_ GCG19

Weekly –  The crossover of the 25×5 MA last week signaled a further move higher. Trade pressures are up. Volumes are bullish.

Daily – Flat. Grinding higher in an uncertain world. Trade pressures are up. Volumes are bullish to neutral.

Reached the 1284 upside target. the next target up is 1302.

A close below the 25×5 MA would signal lower.

 

SILVER_ SIH19

Weekly – Moving to the right in a channel since September 2018. Trade pressures are rising in the neutral zone. Volumes are bullish.

Daily – Flat. In the move up from the 14.24 level. Trade pressures are down into the neutral zone. Volumes are bullish.

The next target up is 14.98.

A close below the 25×5 MA  at 14.57 would signal lower.