Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU19

Weekly – Broke down thru the April lows. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. The short at 2.71 was stopped out at the 2.60 profit target. Trade pressures are down. Volumes are bearish.

The next target down is 1,56.

A close above 2.60 would signal a retracement trade up.

 

GOLD_ GCZ19

Weekly – The recent tweets sent gold up to the three week highs. Trade pressures are up. Volumes are bullish.

Daily – Flat. Trading in a wide range about the 1440 level. Trade pressures are up. Volumes are now neutral.

The next target up is the 1467 prior high.

The next targetĀ  down is the 1403 level.

 

SILVER_ SIU19

Weekly – In a narrow range at the 16.50 level. Trade pressures are up. Volumes are neutral.

Daily – Flat. In consolidation, Trade pressures are down. Volumes are bullish.

The next target down is the new short entry at 16.15. ( very close)

The next target up is the 16.67 prior high.

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