COPPER_ HGH17  #copperfutures

Weekly – Remains in the uptrend. Trade pressures are up but turning down. Volumes have changed from bullish to neutral.

Daily – Short. 10 days into the short trade from the 2.62 entry. Trade pressures are down. Volumes remain bearish.

The next target down is the 2.44 profit target.

Lower stops to the 2.52 level.

A close above the 2.61 level would signal higher.

[12-27-16 Update: Flat. The 2.4480 low was very close to the 2.44 profit target. Stopped out at the 2.52 level.]

 

GOLD_ GCG17  #goldfutures

Weekly – At the weekly downside target of 1129. Trade pressures are down. Volumes are bearish.

Daily – Flat. Trade pressures are down and trending. Volumes remain bearish in light trading.

The next target down is 1082.

A close above 1165 would signal higher.

 

SILVER_ SIH17  #silverfutures

Weekly – 7 weeks into this downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Consolidating at an old target of 15.69. Trade pressures are down. Volumes are bearish.

The next target down is 14.91.

A close above 16.93 would signal higher.