Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU19

Weekly – Traded down to the 2.51 weekly target. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 2.76 short entry. Trade pressures are down. Volumes are bearish.

The next target down is the lower median line at 2.44

A close above 2.54 would signal a retracement higher.

 

GOLD_ GCZ19

Weekly – The trade war rhetoric  has taken gold to new highs. Trade pressures are up. Volumes are bullish.

Daily – Flat. The reversal has sent gold above the prior high to the upper median line target. Trade pressures are up. Volumes are bullish.

The next target up is 1567.

A close below 1502 would signal lower.

 

SILVER_ SIU19

Weekly – Also at highs. Trade pressures are up. Volumes are bullish.

Daily – Flat. The next target up is 17.86. Trade pressures are up. Volumes are  bullish.

A close below 16.84 would signal lower.