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COPPER_ HGU21

Weekly – In the June 2020uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 4.53 break down. Trade pressures are down but rising. Volumes are bullish.

The next target down is 3.84.

A close above 4.19 and above the 245×5 MA would signal a retracement up.

 

GOLD_ GCZ21

Weekly – In the May 2021 uptrend and holding the 1655 support. Trade pressures are down but rising. Volumes are bullish.

Daily – Long. In the move up from the 1738 long entry. Trade pressures are down into the neutral zone. Volumes are now bullish.

The next target up is the 1798 resistance. The 200 day MA is at 1822.

A close below 1776 would signal lower.

 

SILVER_ SIU21

Weekly – In the new downtrend. Trade pressures are down. Volumes are bearish.

Daily – Long. In a pullback form the 23.57 long entry on 8/13. Trade pressures are down. Volumes are bearish.

The US Dollar is at resistance. Use this pullback to enter trade at 22.60.

This is a counter trend trade because the weekly is still showing downward trade pressures; the stop will be a tick below 2.00.