#copperfutures #goldfutures #silverfutures

COPPER_ HGN21

Weekly – Remains in the long uptrend from June 2020. Trade pressures are up but now declining. Volumes are bearish.

Daily – Short. The long trade failed and closed below the support level. Trade pressures are down hard. Volumes are bearish.

Wait for a bearish reversal to take the short.

[6-7-21: short at 4.52.]

A close above 4.61 would signal higher. Use as stop

[06-10-21: lower stops to the breakeven at 4.52.]

 

GOLD_ GCQ21

Weekly – In the May 2021 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Gold has bounced off the 1858 support. Trade pressures are down. Volumes are now neutral.

The next target down is the new short trigger at 1845.

A close above 1915 would signal higher.

 

SILVER_ SIN21

Weekly – Remains in the drift to the right. Trade pressures are up. Volumes are now bearish.

Daily – Flat. But testing the new short entry at 27.20. Trade pressures are down but rising. Volumes are bullish.

At the 23×5 support level a break below would test he 200 day MA at 25.95.

A close above 27.95 would trigger a short term retracement up to 28.32.

 

 

 

 

 

 

 

 

 

 

 

flat. Gold