#copperfutures #goldfutures #silverfutures

COPPER_ HGK19

Weekly – Six weeks testing the resistance at 2.98. Trade pressures are up but turned down. Volumes are neutral.

Daily- Flat. The short trade was stopped out at the entry price for no loss. Trade pressures are are up into the neutral zone. Volumes are now bullish.

A close above  2.93 level would signal a new long entry.

A close below the 2.89 level would signal a resumption of the short trade.

 

GOLD_ GCM19

Weekly – New June contract. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. In the new move down from the 1314 short entry level. Trade pressures are down. Volumes are bearish.

1288 is the next target down.

Stops would be the 1318 reversal point with a move to the entry as soon as the average true range permits.

A close above the 1318 level would signal higher.

 

SILVER_ SIK19

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

Daily – Flat. The new move up has been voided with a close below the 14.99 low pivot. Trade pressures are down. Volumes are bullish.

In the short cycle move down from the 15.35 short entry.

The next target down is 14.84.

A close above 15.47 would signal higher.