Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH19

Weekly – Remains in the 4th quarter channel. Need a close above 2.89 to breakout. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down inside the channel from the 2.80 short entry level. Trade pressures are down but rising. Volumes are bearish.

Touched the 2.63 downside target. The next target down is a test of the August lows at 2.59.

A close above the 2.76 level and the 25×5 MA would signal higher.

 

GOLD_ GCG19

Weekly – In the move up. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 1218 entry level and thru the 1264 target. Trade pressures are up. Volumes are bullish.

The next target up is 1302.

A close below 1274 would signal lower.

 

SILVER_ SIH19

Weekly – A close just above the 25×5 MA signals higher. Trade pressures are up. Volumes are bullish.

Daily – Flat. Continues the move up off the 14.24 entry level. Trade pressures are up. Volumes are bullish.

The next target up is 15.59

A close below 15.25 would signal lower.