Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH20

Weekly – Price is rejected at the resistance levels. Trade pressures are up but turning down. Volumes are neutral.

Daily – Short. In the move down from the 2.81 short entry level. Trade pressures are down. Volumes are bearish. The next target down is 2.73.

A close above 2.83 would signal higher.

Use 2.83 as the stop.

[1-7-20: Lower stop to entry price @ 2.81.]

[1-8-20: Stopped out at the 2.81 level in the overnight reversal.]

 

GOLD_ GCG20

Weekly –  In a new move up. Trade pressures are up and extended. Volumes are bullish.

Daily – Flat. In the move up from the 1474 long entry price. Trade pressures are up and also extended. Volumes are bullish.

The next target up is 1574.

A close below 1528 would signal a retracement.

 

SILVER_ SIH20

Weekly – Following gold up. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 16.91 December long entry. Trade pressures are up and extended. Volumes are bullish.

In consolidation at the 17.87 target level. The next target up is 18.84.

A close below 17.54 would signal lower.

 

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