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COPPER_ HGN20

Weekly – Another test of the median line resistance at this 2.38 level. Trade pressures are up. Volumes are bullish.

Daily – Flat. Got the dally reversal in the trade pressures. Trade pressures are up. Volumes are bullish.

Above the 2.38 target. The next target up is 2.53.

A close below the 25×5 at 2.30 would signal lower.

 

GOLD_ GCM20

Weekly – remains in consolidation around the 1725 target level. Trade pressures remain up  but have been declining for two weeks. Volumes are bullish.

Daily – Flat. In the move down from the 1725 level. Trade pressures are up and near the > 90 level. Volumes are bullish.

The trade pressures are getting extended so watch for the bearish reversal. If this is quick and does not result in a trend change then higher is more likely.

 

SILVER_ SIN20

Weekly – Moving sideways as is gold. Trade pressures are rising in the neutral zone. Volumes are bullish.

Daily – In the move up and in consolidation around the 15.02 target. Trade pressures are up and extended. Volumes are bullish.

The next target up is 16.43.

A close below 14.40 would signal lower.