Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH19

Weekly – Rallies back to the 200 MA. Trade pressures are down but rising. Volumes are now neutral.

Daily – Long. The long trade at 2.71 was stopped out for a loss, but a new long entry with volume at 2.66 on the 180 min chart restarts the long trade. Trade pressures are down but rising. Volumes are bullish.

The next target up is the 200 day MA at 2.86.

Stops are the 2.64 recent low pivot.

[1-30-19: raise the stops to 2.73.]

 

GOLD_ GCG19

Weekly – Contract rolls this next week. Trade pressures are up. Volumes are bullish. Sitting on the 200 Week MA.

Daily – Flat. Traded don to the 25×5 MA which acted as support. The Friday rally originated at the prior target and the 25×5. Trade pressures are down but rising. Volumes are now bullish.

The next target up is 1330.

Set any stops at the 25×5 MA @ 1283.

 

SILVER_ SIH19

Weekly – In a slow rise below the 200 MA and above the 25×5 MA. Trade pressures are up. Volumes are bullish.

Daily – Long. In the down trend and had the same pullback to the 25×5 MA as did gold. Trade pressures are up into the neutral zone. Volumes are now bullish.

The Friday rally triggers the new long entry. The next target up is the 15.95 high pivot and then the 16.41 target.

Set stops at the Friday low of 15.31.

[1-30-19: raise the stops to the entry price of 15.66.]

 

 

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