#copperfutures #goldfutures #silverfutures

COPPER_ HGK19

Weekly – Remains in the downtrend. Trade pressures are down into the neutral zone.  Volumes are bearish.

Daily – Short. The Thursday run up in the stock market took the copper contract up with it and almost reached the 2.97 stop, but not quite. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is the the 2.82 daily uptrend support line; and then the 2.74 downside target.

A close above 2.94 would signal higher.

Set the new stop at the the short entry price of 2.90.

[3-29-19: Stopped out at the 2.90 entry price.]

 

GOLD_ GCJ19

Weekly – At the 1317 upside target. Trade pressures are up but declining. Volumes are neutral.

Daily – Flat. In the move down from the 1313 level. Trade pressures are up. Volumes are bullish.

A close below the 1303 level would signal a new move lower.

A close above 1321 would enter a new move up.

 

SILVER_ SIK19

Weekly – Remains in an uptrend. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Continues to consolidate and trade around the 15.42 short entry levels. Trade pressures are up. Volumes are bearish.

The next target down is 14.09.

A close above the 15.80 level would signal higher.