#copperfutures #goldfutures #silverfutures

COPPER_ HGN19

Weekly – Five weeks into this move down. Trade pressures are down. Volumes are bearish.

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 2.70 would signal a retracement up, probably only short covering.

 

 

GOLD_ GCM19  [roll to August, GCQ19]

Weekly – In the move down, consolidating at this 1280 level.

Daily – Flat. In this second leg down from 1288. Trade pressures are down but rising. Volumes are bullish.

The next target down is 1264.

A close above 1291, the upper median line would signal a retracement move up.

[5-30-19: Long triggered at the 1291 level.]

 

SILVER_ SIN19

Weekly – In a new move down. Trade pressures are down. Volumes are bearish.

Daily – Flat. Met the 14.42 downside target and now in consolidation. Trade pressures are up into the neutral zone. Volumes are now bullish.

Expect short covering up to 14.90.

The next target down is 14.00.

A close above the 14.90 level would signal a retracement move up.