Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN19

Weekly – In the move down. Trade pressures are down. Volumes are bearish. Trade woes.

Daily – Flat. In the move down from the 2.91. level. Trade pressures are down. Volumes are bearish.

The next target down is 2.63.

A close above 2.77 would signal a retracement higher.

 

GOLD_ GCM19

Weekly – In a retracement down within the uptrend. Trade pressures are down but rising. Volumes are now neutral from bearish.

Daily – Flat. In the move down from the 1314 level. Trade pressures are up. Volumes are now bullish.

The  next target down is 1262.

The close above 1278 has started a short cycle retracement up with a possible 1300 target.

A close above 1304 would signal higher.

 

SILVER_ SIN19

Weekly – In the uptrend but the retracement has taken price down to the support level. Trade pressures are down. Volumes are bullish last week and now bearish.

Daily – Flat. In the move down from the 15.22 level. Trade pressures are in the neutral zone. The next target down is 14.42.

A close above 15.08 would signal higher.