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COPPER_ HGN20

Weekly – The rally in side the down trend continues. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 2.23 second leg entry and at the 100% target of 2.53. Trade pressures are up and extended. Volumes are bullish.

The next target up is 2.78.

Resistance here at the 200 day MA. Expect consolidation and retracement.

A close below 2.45 would signal lower.

 

GOLD_ GCQ20

Weekly – A weekly close below the the two prior closes. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 1707 short entry. Trade pressures are down. Volumes are bearish.

At the 50% target. The next target down is 1654.

A close above 1783 would signal higher.

 

SILVER_ SIN20

Weekly – The weekly closed lower but the net volume for the week was bullish. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In a retracement of the this move up. Trade pressures are down. Volumes are bearish.

The next target up is 19.35.

A close below 17.11 would signal a new short entry.