#copperfutures #goldfutures #silverfutures

COPPER_ HGZ20

Weekly – In the July uptrend. Trade pressures are up. Voloumes are bullish.

Daily – Flat. At the 3.29 target. Trade pressures are up. Volumes are bullish.

The next target up is 3.41.

A close below 3.04 would signal lower.

 

GOLD_ GCZ20

Weekly  – Remains in the July uptrend, but retracing. Trade pressures are neutral. Volujes are bearish.

Daily – Flat. Testing the 1835 downside target area and the 1848 prior lows. Trade pressures are down but reversing. Volumes are now neutral.

The next target down is that 1835 level.

[11-24-20: Breaks 1835. Next target down is now 1727.]

A close above 1937 would signal a new move up.

 

SILVER_ SIZ20

Weekly – In the May uptrend. Trade pressures are neutral. Volumes are bullish for the last three weeks.

Daily – Flat*. In the uptrend and sitting on the 23.17 support line. Trade pressures are down but reversing. Volumes are bearish.

The next target down is 22.43.

The 2 hour chart has signaled a new uptrend.  A close above 24.50 on the daily would signal a new move up.

*** Go long over the 24.37 level on the 2hour.  Alternatively look at long the swiss franc.

11-24-20: *long entry failed. The next target down is 21.54.