Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH20

Weekly – Continues trending sideways. Trade pressures are rising in the neutral zone. Volumes are neutral.

Daily – Flat. Weekly pressures are up looking for the bullish reversal on the daily. Trade pressures are down into the neutral zone. Volumes are neutral.

Support at the 2.61 level. The next long entry is at 2.68.

[12-8-19: Jobs report pops copper thru the long entry price and the 25×5 MA.]

 

GOLD_ GCG20

Weekly – side ways channel for three weeks. Trade pressures are down. Volumes are bearish.

Daily – Long. In the new contract at the 1468 entry price.. Trade pressures are down but rising. Volumes are bearish.

The next target up is 1483.

A close below the prior low would signal lower.

Use that low pivot at 1453 as the stop.

[12-5-19: Sold at 1479.80]

 

SILVER_ SIH20

Weekly – In the pull back from the spike highs of October. Trade pressures are down but rising. Volumes are neutral.

Daily – Long. In the move up from the March contract 17.11 long entry level. Trade pressures are down, but showing some divergence. Volumes are bearish.

The next target up is 17.46.

A close below 16.75 would signal lower. Use this 16.75 as the stop.

[12-6-19: Stopped out at 16.75.]

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