#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.