#copperfutures #goldfutures #silverfutures
COPPER_ HGZ19
Weekly – In the side ways move. Trade pressures are down into the neutral zone. Volumes are neutral.
Daily – Flat. In the move down from the 2.68 short entry. Trade pressures are down. Volumes are bearish. The next target down is 2.61.
A close above 2.70 would signal higher and will also be the stop for the trade.
GOLD_ GCZ19
Weekly – In the move down. Trade pressures are down. Volumes are bearish.
Daily – Flat. Trade pressures are down but rising. Volumes are neutral.
A new move up has been signaled at 1461. The next target up is 1476 then 1481.
Set the stops at 1446.
A close below 1446 would signal lower.
SILVER_ SIZ19
Weekly – Pulling back in the uptrend. Trade pressures are down. Volumes are bearish.
Daily – Flat. Still in downtrend but signaling a retracement move up from the 16.96 long entry. Trade pressures are down but rising. Volumes are bearish.
Looking for a bullish volume day. The next target up is 17.32.
A close back below 16.61 will signal a resumption of the move down. Use that as a stop.