COPPER_ HGZ17  #copperfutures

Weekly – Two week pullback in this 12 week run up. Trade pressures are up but declining. Volumes are bearish.

Daily – Short. In the move down from the 3.08 entry. Trade pressures are down. Volumes are neutral.

The next target down is 2.80.

A close above 3.08 would signal higher.

The current stop is 3.02.

[9-21-17: lower stop to 2.99. Take profit at the 2.80 level.]

 

GOLD_ GCZ17  #goldfutures

Weekly – In the move up from 1249. Trade pressures are up. Volumes are neutral.

Daily – Short. The 1318 level has triggered the new move down. Trade pressures are down. Volumes are bearish.

The next target down is 1303.

The 25×5 moving average should act as nearby support.

A close above 1344 would signal higher.

Set the stops at 1344.

[9-21-17: The 1303 target has been met. The next profit target down is 1267. Take profit at 1267. Lower stop to 1318, the entry price]

 

SILVER_ SIZ17  #silverfutures

Weekly – The 1847 downtrend line has acted as resisitance. Trade pressures are down into the neutral zone. Volumes are now neutral.

Daily – Short. The 17.66 level has signaled a new short. Trade pressures are down. Volumes are bearish.

The next target down is 16.95 and 16.64.

Price is now below the 25×5 moving average. Use that level as the stop, 17.50.

A close above 17.83 would signal higher.

[9-21-17: lower stop to 17.50. The next target down is 16.64. Take profit at this level.]