Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGK19

Weekly – Remains in the move down, but testing the resistance at 2.98. Trade pressures are up but turning down. Volumes are now bearish.

Daily – Flat. Tested the resistance at 2.98 and failed. Trade pressures are down into the neutral zone. Volumes are bearish.

Closed below the 2.90 short entry so, short at the open of the next session.

Stops at the 2.93 new long entry level.

 

GOLD_ GCM19

Weekly – Remains in the uptrend. Trade pressure are down. Volumes are bearish.

Daily – Flat. In the move down and at the 1288 downside target. Trade pressures are down. Volumes are bullish.

Oversold at this downside target, so expect a retracement move up. Look to short near the 1314 shot entry level.

A close above the 1318 would signal higher.

 

SILVER_ SIK19

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

Daily – Flat. In the move down from the 15.34 short entry level. Trade pressures are down but rising. Volumes are bullish.

At the 14.82 downside target. The next target down is 14.34.

A close above 15.38 would signal higher.