#copperfutures #goldfutures #silverfutures

COPPER_ HGHU20

Weekly – Four weeks of bearish volume. Trade pressures are up but reversing. Volumes are bearish.

Daily – Flat. Made it to the 2.99 target then reversed with the NQ’s. Trade pressures are down hard. Volumes are bearish.

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

A close above the 2.89 level would signal a new move up.

 

GOLD_ GCZ20

Weekly – Spiked to a new high. Trade pressures are up. Volumes are bearish with the Friday reversal.

Daily – Short. In the new move down. Trade pressures are up but reversing. Volumes are bearish.

The next target down is 1982.

Still below the inflation-adjusted all time highs. A close back above today’s high of 2089 would be required to renew the move up.

Set the stop at the 2089 high.

[8-11-20: Lower stops to 1967.]

[8-13-20: Stopped out at the 1967 stop level.]

 

SILVER_ SIU20

Weekly – Three rocket weeks up. Trade pressures are up. Volumes are bullish.

Daily – Flat. In a retracement down started  at 28.17. Trade pressures are up. Volumes are bearish.

The next target down is 26.23.

A close above the prior highs would restart the move up.