Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU19

Weekly -Traded the move off the triple bottom. Trade pressures are down. Volumes are now neutral.

Daily – Flat. The long trade was stopped lout at a profit. Trade pressures are up. Volumes are bullish.

The next target up is 2.77.

A close below 2.65 would signal lower.

 

GOLD_ GCQ19

Weekly – Five week rally. Trade pressures are up. Volumes are now neutral.

Daily – Flat. 1450 marks the end target of the two leg rally. Trade pressures are up. Volumes are bullish.

The next target up is this 1450. A close below the 1421 has signaled a retracement lower, but the daily swings are wider than the next target and the stop.

So, wait for a weekly cycle trigger at 1396.

 

SILVER_ SIU19

Weekly – Remains in the down trend. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Flat. In the move up from the 14.84 long entry. Trade pressures are up but declining. Volumes are bullish.

The next target up is 15.68.

A close below 15.10 would signal lower.

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