#copperfutures #goldfutures #silverfutures

COPPER_ HGN20

Weekly – Testing the resistance of the downtrend. Trade pressures are up. Volumes are now bearish.

Daily – Flat. The retracement has moved price down to the new short entry at 2.63, but no close below. Trade pressures are up but reversing. Volumes are neutral.

The next target down is 2.47.

Still above the support at 2.56.

 

GOLD_ GCQ20

Weekly – The $1800 resistance line has held for 10 weeks. Trade pressures are down. volumes are bearish.

Daily – Flat. In a counter trend rally from 1699. Trade pressures are up but reversing. Volumes are bullish.

The next target up is 1781.

A close below 1684 would put the daily in sync with the weekly and signal lower.

 

SILVER_ SIN20

Weekly – Silver breaks thru the resistance and forms a new uptrend. Trade pressures are up but reversing. Volumes are bullish.

Daily – Flat. Attempted a move up but stopped on Thursday with the equity down day. Trade pressures are up but rending down. Volumes have been bearish for the last 8 days, but no new short signal.

The next target up is 19.35.

A close below 17.11 and the 200 day MA at 17.23 would signal lower.