#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

Weekly – Retracing the last week’s rally. Trade pressures are up. Volumes are bearish.

Daily – Long. Up from the breakout at 4.27 on 10/11. Trade pressures are now down. Volumes are bearish.

The next target up is the prior high at 4.82. Need a break above the 25×5 at 4.65 to confirm.

A close below the 25×5 at 4.34 would signal lower.

 

GOLD_ GCZ21

Weekly – In the move down from the 10-12 high. Trade pressures are up. Volumes are bullish.

Daily – Flat. The weekly moves up all have been retraced. Trade pressures are up. Volumes are bearish.

The next target down is 1765 ay the 25×5 MA. Use that as the stop.

A close above 1800 would signal higher.

 

SILVER_ SIZ21

Weekly – In the side ways move for more than one year. Trade pressures are now up. Volumes are bullish.

Daily – Long. In the move from the 23.38 on 10-18. Trade pressures are up. Volumes are bearish.

The next target up is 24.57.

A close below 24.00 would signal lower.

Use 22.90 as the stop.