#copperfutures #goldfutures #silverfutures

COPPER_ HGZ19

Weekly – The moving average slope has turned neutral. Trade pressures are up. Volumes are bullish.

Daily – Flat. Stopped out of the last week’s trade at a loss. Showing some divergence that suggests the short trade may still be near. Trade pressures are up. Volumes are bearish.

The next target up is 2.77.

A close below 2.68 would signal lower, but need volume confirmation.

 

GOLD_ GCZ19

Weekly – Broke below a prior low. Trade pressures are down. Volumes are bearish.

Daily – Flat. Trade pressures near over bought. Volumes are bearish.

The next target down is 1432.

A close above 1492 would signal higher.

 

SILVER_ SIZ19

Weekly – Also continuing the move down. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 18.27 level. Trade pressures are down and extended. Volumes are bearish.

The next target down is 16.53.

A close above 17.50 would signal higher. Looking for a bullish reversal of the trade pressures.