#copperfutures #goldfutures #silverfutures

COPPER_ HGK19

Weekly – A resumption of the rally. Trade pressures are p. Volumes are bullish.

Daily – Flat. Near the end of the move up. Trade pressures are up and extended. Volumes are now bearish.

The next target up is 3.00.

A close below 2.90 would signal lower. Support is 2.83.

[3-8-19: traded below the 2.90. Now short. Set stops at 2.94.]

 

GOLD_ GCJ19

Weekly – The 1317 level was the consolidation area. Trade pressures are up. Volumes are now bearish.

Daily – Short. In the short trade from the 1313 entry level. Trade pressures are down. Volumes are bearish.

The next target down is the 1299 support level, then the 1263 target.

A close above 1323 would signal higher.

Set the stops to the 1313 short entry level.

[3-4-19: Lower the stops to 1300.]

[3-8-19: Stopped out at the 1300 stop. Will look for a continuation mover lower.]

 

SILVER_ SIK19

Weekly – The median line acts as resistance. Trade pressures are up but rolling over.

Daily – Short. Closed below the 15.42 support line. Trade pressures are down. Volumes are bearish.

The next target down is the lower median line at 14.82, then the 14.00 down side target.

Set stop at the short entry of 15.42.

A close above 15.68 would signal higher.

[3-12-19: stopped out at the short entry price of 15.42.]