Metals

#copperfutures #goldfutures #silverfutures

Weekly – In the uptrend. Trade pressures are up but reversing. Volumes are bearish.

Daily – Flat. Consolidating at the 2.99 target. Trade pressures are now down. Volumes are neutral.

The next target up is 3.02., the prior high.

A close below 2.80 would signal. lower.

 

GOLD_ GCZ20

Weekly – Consolidating after two weeks down. Trade pressures are up but reversing.. Volumes are neutral.

Daily – Flat. Still in the move down after a back test. Trade pressures are down. Volumes are neutral.

In the second leg down from the 1873 short entry. The next target down is 1891.

A close above 2012 would signal higher.

 

SILVER_ SIU20

Weekly – $8 dollar rally! But now in a retracement. Trade pressures are up. Volumes are now neutral.

Daily – Flat.  In the move down after a retracement. Trade pressures are down. Volumes are bearish.

The next target down is 22.50.

A close above 27.85 would signal a new move up.