#copperfutures #goldfutures #silverfutures
COPPER_ HGZ21
Weekly – In the June 2020 uptrend. Trade pressures are down. Volumes are bearish.
Daily – Long. In the move up from the 4.19 long entry. Trade pressures are up. Volumes are bullish.
The next target up is 4.43.
The weekly trade pressures are down, so keep tight stops. Set the stop now at the breakeven of 4.19.
GOLD_ GCZ21
Weekly – In the May 2021 uptrend. Trade pressures are up. Volumes are bullish.
Daily – Long. In the move up from the 1738 long entry. Trade pressures are up. volumes are bullish.
The next target up is both the 200 day MA and the 1826 upside target.
Expect resistance. A close below 1764 would signal a retracement.
SILVER_ SIZ21
Weekly – In the new downtrend from 8/13. Trade pressures are down. Volumes are bearish.
Daily – Flat. In the move up from the 23.63 long entry trigger. Trade pressures are up. Volumes are bullish.
Since the weekly is still down, wait for a pullback to 22.90 to enter. The next target up is 24.90.
A close below 22.34 would signal lower and is now the stop.