Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN19

Weekly – At the July 2018 lows. Trade pressures are down. Volumes are bearish.

Daily – Flat. Consolidating at the 2.63 downside target. Trade pressures are up. Volumes are bearish.

Have a new long entry at 2.63. Seems illogical with the Trade talks dragging on, but can’t let a single data point drive the trade.

The next target up is 2.68.

[6-18-19: Thru the 2.69 level. the next target up is 2.76.]

The next target down is 2.59.

[6-18-19: Set the stops at the entry level of 2.63.]

 

GOLD_ GCQ19

Weekly – The breakout to the upside is tested and still alive. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Flat. In the move up from the 1283 long entry. Took profits at the 1327 stop. Trade pressures are up. Volumes are bearish.

The next target up is the 1361 prior high pivot.

A close below the 1341 level would signal lower.

 

SILVER_ SIN19

Weekly – Also in consolidation at the lows. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the move up from the 14.78 long entry. Trade pressures are up. Volumes are bearish.

The next target up is 15.62.

A close below 14.62 would signal lower.

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