Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU19

Weekly – Multiple tests of the 2.60 support. Trade pressures are down. Volumes are bullish.

Daily – Flat. 2.60 to 2.75 is a developing channel. Trade pressures are up into the neutral zone. Volumes are bullish.

In the move up from 2.65. The next target up is 2.77.

A close below 2.65 would signal a new move lower.

 

GOLD_ GCQ19

Weekly – Remains in consolidation at the 1414 upside target. Trade pressures are up. Volumes remain neutral.

Daily – Flat. In a retracement move down from the 1419 level. Trade pressures are up. Volumes are bullish.

The next target down is 1379.

A close above the 1419 short entry would signal a new move up.

 

SILVER_ SIU19

Weekly – In the new down trend. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Flat. In the longer May long entry’s move up. But in a retracement down from the 15.10 level. Trade pressures are in the neutral zone. Volumes are neutral.

The next target  down is 14.84.

A close above the downward sloping median line at 15.38 would signal higher.