#copperfutures #goldfutures #silverfutures

COPPER_ HGK20

Weekly – prior low was below 2.00. following week low was 2.02. Trade pressures are down. Volumes are now neutral.

Daily – Flat. In the move up from the 2.07 long entry. Trade pressures are rising into the neutral zone. Volumes remain bearish.

The next target up is 2.21.

A bearish reversal in the daily would align with the weekly. a close below 2.08 would signal lower.

 

GOLD_ GCM20

Weekly – The prior gold strength gave way to the demand for cash (margin calls probably). Trade pressures are rising into the neutral zone after the selloff. Volumes are neutral.

Daily – Flat. In the move up from the 1506 level. Both the daily and the weekly trade pressures are up. Volumes are bullish.

The next target up is 1665.

A close below 1650 would signal a retracement lower in the move up, likely target just below 1600 as the weekly is still bullish.

 

SILVER_ SIK20

Weekly – Big bounce after the crash to 11.61. Trade pressures are down but rising. Volumes are now neutral.

Daily – Flat. In the move up form the 12.95 level. Trade pressures are up but turning down. Volumes are bullish to neutral.

The next target up is 14.89.

A close below 13.24 would signal lower. The next trade is the next daily bullish reversal to align the daily with the weekly trade pressures.