#copperfutures #goldfutures #silverfutures

COPPER_ HGN20

Weekly – In the recovery move up. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Long. In the move up from the 2.31 new long entry. Trade pressures are up. Volumes are  neutral.

The next target up is 2.45.

A close below 2.20 would signal lower.

Use 2.22 as the stop.

[4-27-20: Raise stops to 2.31, the breakeven.]

[4-29-20: Raise the stops to 2.33.]

[4-30-20: sold at 2.33.]

 

GOLD_ GCM20

Weekly – At the upper resistance of the new downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move down but experiencing a retracement up to test the prior high at 1788. Trade pressures are up but rolling over. Volumes are neutral.

The next target up is 1761.

The Next short entry is at 1729.

[4-27-20: Short. from the 1729 level. Set stops at the 1761 level, move to breakeven asap.]

[4-27-20: Move stops to breakeven, 1729.] [ Stopped out at 1729 near the US close. Look for reshort on any new rally.]

 

SILVER_ SIK20

Weekly – Rallied to the 50% retracement of the down move. Trade pressures are declining into the neutral zone. Volumes are neutral.

Daily – Flat. In the move up from the 12.95 level. Trade pressures are up. Volumes are bearish.

The next target up is 16.90.

A close below 14.55 would signal lower.