#copperfutures #goldfutures #silverfutures [Roll to the Jan or Feb contract for these trades.]
COPPER_ HGz19
Weekly – Side ways and still in the downtrend. Trade pressures are down. Volumes are neutral.
Daily – Flat. A Trade war market. In the move down but consolidating at the 2.61 target. Trade pressures are in the neutral zone. Volumes are neutral.
The next target down is 2.53.
The next long entry up is 2.66.
GOLD_ GCZ19
Weekly – Retracement near over sold. Trade pressures are down. Volumes are bearish.
Daily – Long. In the move up from the 1461 long entry. Trade pressures are down into the neutral zone.
The next target up is 1483.
A close below the prior low of 1446 would signal lower. Use that 1446 as the stop.
SILVER_ SIZ19
Weekly – In the long retracement after the spike to $20. Trade pressures are down and extended. Volumes are neutral.
Daily – Long. In the move up from the 16.91 long entry. Trade pressures are up. Volumes are bullish.
The next target up is 17.32.
A close blow the 16.61 low would signal lower. Use this low as the Stop.