#copperfutures #goldfutures #silverfutures
Weekly – In a move up inside the downtrend. Trade pressures are up. Volumes are bullish.
Daily – Short. In a retracement move down inside the weekly move up. Trade pressures are down. Volumes are bearish.
Short from the 2.64 entry price. The next target down is 2.60
A close above 2.69 is the stop.
[11-6-19: Stopped out with the move above 2.69.]
Weekly – Remains in the consolidation at the 1508 weekly short level. Trade pressures are rising in the neutral zone. Volumes are bearish.
Daily – Flat. At the downtrend resistance level. Trade pressures are up. Volumes are bearish. Expect a move down and then wait for the bullish reversal to go long.
The next target up is 1538.
A close blow 1478 would signal lower.
Weekly – Rising in the neutral zone. Trade pressures are neutral. Volumes are bullish.
Daily – Flat. As with gold the resistance levels are nearby. Trade pressures are in the neutral zone. Volumes are bullish.
The next target up is 18.35.
The next target down is the short entry at 17.64.