#copperfutures #goldfutures #silverfutures
COPPER_ HGU20
Weekly – In a retracement down after the four week move up. Trade pressures are up but reversing. Volumes are bearish.
Daily – Flat. Moving with the equity markets. Trade pressures are dwon. Volumes are bearish.
The next target up is 2.99.
A close below 2.79 would signal lower.
GOLD_ GCZ20 (roll out to dec)
Weekly – Big rally these last two weeks. Trade pressures are up. Volumes are bullish.
Daily – Flat. Closing in on the 100 % target. Trade pressures are up but reversing. Volumes are now neutral.
The next target up is 2015.
A close below 1945 would signal lower.
SILVER_ SIU20
Weekly – Two weeks of a very large move up. Trade pressures are up. Volumes are very high, but bearish at the close of this week.
Daily – Flat. In the new move down from 24.43. Trade pressures are up but turning down. Volumes are neutral all week.
The next target down is 21.72.
A close above 25.10 would signal higher.