Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU21

Weekly – Rising off the support levels. Trade pressures are down but rising. Volumes remain bearish.

Daily – Long. Weekly is rising and the daily long entry is triggered at 4.33. Trade pressures are up into the neutral zone. Volumes are bullish.

The next target up is 4.60.

A close below 4.24 would signal lower.

 

GOLD_ GCQ21

Weekly – Has tested the weekly support. Trade pressures are up into the neutral zone. Volumes are neutral.

Daily – Flat. Moving up off the March trendline. Trade pressures are up. Volumes are bullish.

The next target up is the long entry at 1810.

A close below 1779 would signal a new move lower.

 

SILVER_ SIU21

Weekly – The long channel to the right remains the trend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move side ways along the 200 day MA.  Trade pressures are down. Volumes are bearish.

The next target down is the prior low at 23.78.

A close above 26.96 would start a new move up.