#copperfutures #goldfutures #silverfutures

COPPER_ HGU20

Weekly – A breakout to form a new weekly uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Remains in the April move up. Trade pressures are up and extended. Volumes are bullish.

The next target up is the 2.71 prior high.

A close below 2.48 would signal lower.

 

GOLD_ GCQ20

Weekly – Another of the many tests of the upside resistance. Trade pressures are now up. Volumes have returned to bullish.

Daily – Long. The 1753 level is a new long entry. Trade pressures are up but reversing. Volumes are bullish. May want to wait for the daily trade pressures to reverse and get back in sync with the weekly upward trade pressures.

The next target up is 1836.

A close below the 25×5 MA at 1738 would signal lower.

Make this 1738 the stop.

[6-29-20: Raise the stop to breakeven at 1753.]

[6-30-20: Raise stop to 1767, the 200 bar MA.] [6-30-20: 10.15 am CST. Now raise the stops to 1796.]

 

SILVER_ SIU20

Weekly – Slightly ahead of gold and in the uptrend. Trade pressures are up but reversing. Volumes remain bullish.

Daily – Flat. In the move up from the May 15.97 long entry. Trade pressures are up but very volatile. Volumes are bullish.

The next target up is 19.50, just above the prior high at 19.10.

A close below 17.26 would signal lower.