Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGK19

Weekly – Still in the downtrend wit resistance at the 3.00 level. Trade pressures are up. Volumes are bullish.

Daily – Short. In the move down from the 2.90 level. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 2.83.

A close above 2.97 would signal higher.

Stops are at the 2.97 level.

 

GOLD_ GCJ19

Weekly – In the uptrend. Trade pressures are up but turning down. Volumes are now neutral after three weeks of bearish.

Daily – Flat. In the move down from the 1313 short entry level. Trade pressures are down. Volumes are mixed, bearish and now neutral.

The prior short trade was stopped out at the 1300 level. Looking for a pullback to 1313 level. to re-enter a new short.

A close above the 1315 level would signal a new move up and there fore would act as the new stop as well.

 

SILVER_ SIK19

Weekly – In the uptrend. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. In the move down from the 15.42 level. Trade pressures are up into the neutral zone. Volumes are bearish.

The prior short trade was stopped out a t a breakeven. As with gold, looking for a re-entry.

A close above the 15.78 would signal higher and a new uptrend.

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