#copperfutures #goldfutures #silverfutures

COPPER_ HGK19

Weekly – Contract rolls on the 17th. Trade pressures are up and declining. Volumes are neutral.

Daily – Flat. In the 2.89 – 2.94 trading range and  moving with the equity markets. Trade pressures are down. Volumes are bullish.

The short entry is 2.89.

The long entry is 2.94.

No surprise that price remains in that range.

 

GOLD_ GCM19

Weekly – Been in a pullback since the 1350 pivot high. Trade pressures are down. Volumes are bearish. Support is at 1250.

Daily – Flat. The 1284 support has held twice. Trade pressures are down into the neutral zone. Volumes are bearish.

Expect a retest of the 1288 downside target.

A close above the 1304. hourly resistance might signal a new move up.

 

SILVER_ SIK19

Weekly – A pullback in the uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Relative strength improving. Trade pressures are down into the neutral zone. Volumes are bearish.

In the move down from the 15.32 level and at the 14.82 downside target.

A close above 15.38 would signal higher.