Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN19

Weekly – July contract. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Short. In the new short from the 2.91 break. Trade pressures are down. Volumes are bearish.

The next target down is 2.83.

A close above 2.94 would signal higher.

There is an inordinate exposure to event risk here with the swirl of negotiation talks leaked for market consumption.

Set stops at the 2.94 level.

[5-1-19: lower stops to the 2.91 breakeven.]

[5-1-19: lower stops to 2.88, take profits at 2.80 OCO]

 

GOLD_ GCM19.

Weekly – Still in the move down. Trade pressures are down. Volumes are bearish.

Daily –  Flat. Near the down side target of 1262. Trade pressures are down but turning up, Volumes are bullish.

The next target down is 1262. A close above the 1304 level would signal higher.

 

SILVER_ SIN19

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

Daily – Flat. Trade pressures are up into the neutral zone. Volumes are bullish.

Price is moving up off the 14.84 downside target.

The next target down is 14.42.

A close above the 15.30 level would signal higher.

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