#copperfutures #goldfutures #silverfutures
COPPER_ HGH19
Weekly – Remains in the downtrend. Trade pressures are down. Volumes are bearish. Below the 200 week MA.
Daily – Flat. Still in the move down. Trade pressures are down. Volumes are now bullish.
The next target down is 2.50.
A close above the 2.71 level would signal higher. Copper follows/leads the equity markets especially China.
GOLD_ GCG19
Weekly – In the uptrend. Trade pressures are up. Volumes are bullish. Crossing over the 200 week MA.
Daily – Flat. In the move up from the 1221 new long entry. Trade pressures are up. Volumes are now bearish.
The next target up is 1330.
A close below the 200 day MA and 1263 would signal lower.
SILVER_ SIH19
Weekly – In the downtrend but crossed over the 200 week MA. Trade pressures are up. Volumes are bullish.
Daily – Flat. In the move up from the 14.37 long entry price. Trade pressures are up. Volumes are now bearish.
Very near the next target up at 16.04.
A close below 15.08 would signal lower.