Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU19

Weekly – Now testing the 2018 lows as resistance. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. Still in the move up from the 2.57 level. Trade pressures are down. Volumes are bullish.

Looking for a test of the lower median line at 2.55 -2.56; then long again. (Event driven, i suspect.)

The next target up is 2.62.

A close below the low of 2.53 would stop any trade and signal lower.

 

GOLD_ GCZ19

Weekly – A “spinning top”. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 1337 second leg entry. Trade pressures are up. Volumes are bullish.

The next target up is 1567.

A close below 1494 would signal lower.

 

SILVER_ SIU19

Weekly – In the sharp move up from the 15.00 level. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 14.83 long entry. Trade pressures are up. Volumes are neutral.

The next target up is 17.89.

A close below 16.96 would signal lower.

 

 

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