#copperfutures #goldfutures #silverfutures

COPPER_ HGK21

Weekly – In the March 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the retracement up after meeting the 3.91 downside target. Trade pressures are up. Volumes are bullish.

In consolidation, the next target up is the new long entry at 4.20.

A close below 3.94 would signal lower.

 

GOLD_ GCJ21

Weekly – In the August 2020 move down. Trade pressures are down but showing some divergence. Volumes are now bullish.

Daily – Long. The Monday last put in a weekly low. Trade pressures are up. Volumes are bearish.

At the new long entry price of 1722 and meeting some resistance.

A close below 1673 would signal lower.

[3-15-21: Long GCM21 at 1724 with a 1700.stop.]

[3-17-21: Moves up with the FED holding rates. Move Stop to breakeven, 1724.]

[3-18-21: Rallied to the 1756 resistance then turned down to stop out at the 1724 breakeven.]

 

SILVER_ SIK21

Weekly – Moving in a channel since July 2020. Trade pressures are down but rising. Volumes are bullish.

Daily – Flat. In the move down from the 27.43 short entry. Trade pressures are up. Volumes are bearish.

The next target down is 24.06.

A close above 26.82 would signal higher.