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COPPER_ HGK19

Weekly – Contract rolls the 25th of April. Trade pressures are up. Volumes are neutral. Strong resistance at the 2.98 level.

Daily – Flat. A beak out of the 2.94 channel sent price to the 2.99 level and then an immediate reversal to 2.92. Trade pressures are in the neutral zone. Volumes are bearish.

The  breakout has triggered the long trade. A test of the lower channel bound is at 2.91. we’ll see if it  can hold.

The next target up is the 3.00 level.

A close below the 2.90 level would signal lower.

 

GOLD_ GCM19

Weekly – Eight weeks drifting lower. Trade pressures are down. Volumes are bearish.

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

The next target down is 1262.

A close above 1308 would signal higher.

 

SILVER_ SIK19

Weekly – Pulling back to support in the weekly move up. Trade pressures are down. Volumes are bearish.

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

The next target down is 14.34.

A close above 15,38 would signal higher.