Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU20

Weekly – Pausing in the move up. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the move up from the 2.71 long entry. Trade pressures are down Volumes are bearish.

The next target down is 2.76, the new short entry.

A close back above 2.95 would restart the up trend.

 

GOLD_ GCQ20

Weekly – Big break to the upside. Trade pressures are up. Volumes are bullish.

Daily – Flat. Missed this one. Trade pressures are up and extended. Volumes are bullish.

The next target up is 2000.50.

A close below 1844 would signal a retracement down of this move up.

 

SILVER_ SIU20

Weekly – Big up week. Trade pressures are up. Volumes are bullish.

Daily – Flat. Three week rally tales price to new highs. Trade pressures are up. Volumes are now neutral, indicating some profit taking.

The next target up is 24.35.

A close below 21 .83 would signal a new short entry.