#copperfutures #goldfutures #silverfutures
COPPER_ HGZ20
Weekly – Remains in the uptrend. Trade pressures are up. Volumes are bullish.
Daily – Flat. In the move up. Trade pressures are up and extended. Volumes are bullish. The next target up is 3.21 the prior high. Expect consolidation here.
A close below 3.08 would signal lower.
GOLD_ GCZ20
Weekly – 5 day rally. Trade pressures are up. Volumes are bullish.
Daily – Long. In the new move up from the 1951 long entry. Trade pressures are up. Volumes are bullish.
The next target up is 2054. Look for a pull back to enter this new long.
A close below 1906 would restart the move down.
[11-09-20: Stopped out at the 1906 level.]
SILVER_ SIZ20
Weekly – Breakout to the upside. Trade pressures are up into the neutral zone. Volumes are bullish.
Daily – Flat. Just touched the new long entry. Trade pressures are up. Volum es are bullish.
The next target up is the long entry at 26.05.
A close below the 25×5 MA at 24.43 would signal lower.