#copperfutures #goldfutures #silverfutures
COPPER_ HGK20
Weekly – Three weeks off the lows. Trade pressures are rising into the neutral zone. Volumes are neutral.
Daily – Flat. In the move up off the 2.07 long entry. Trade pressures are up. Volumes are bullish.
The next target up is 2.36.
A close below 2.16 would signal lower.
GOLD_ GCM20
Weekly – Big rally as the number of new dollars are injected into the system. Trade pressures are up. Volumes are bullish but very low volumes.
Daily – Flat. In the move up from the 1634 long entry. Trade pressures are up but rolling over. Volumes are bullish.
The next target up is 1823.
A close blow 1694 would signal lower.
SILVER_ SIK20
Weekly – The move up off the 11.62 to 16.05 in the week. Trade pressures are up. Volumes are neutral.
Daily – Flat. In the move up from 12.98. Trade pressures are up but declining. Volumes are bullish.
The next target up is 16.90.
A close blow 14.354 would signal lower.