Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH21

Weekly – Inflation. Continuation of the Feb 8th breakout. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the Feb 5th break above the trend line. Trade pressures are up. and trending. Volumes are bullish.

The next target up is 4.40.

A close below 3.88 would signal lower.

 

GOLD_ GCJ21

Weekly – Testing the weekly support at 1771. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the January 1884 short entry. Trade pressures are down. Volumes are bullish.

At the 1763 downside target. The next target down is 1734.

A close above 1831 would signal a retracement up.

 

SILVER_ SIH21

Weekly – Continues in the Channel between 30 and 22. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the retracement move down after the spike to 30. Trade pressures are down. Volumes are bullish.

The next target  down is 26.09 which was briefly touched on Friday.

A close above 27.42 would signal a new move up.