Metals [8/20/15 update]

COPPER_ HGU15

Weekly – at the 2.31 downside target. Trade pressures are down. Volume remains bearish.

Daily – The 2.56 short trade triggered July 6th is approaching the 2.25 target. SOM missed this trade. Trade pressures are down but rising. Volume turned neutral mid week; so some potential for change.

Need a close above 2.42 to signal higher.

GOLD_ YGZ15

Weekly – Remains in the long term down-trend to the 1047 weekly target. Trade pressures are down but Volume has turned bullish.

Daily – SOM never got back in this down move from the June 22nd 1193 second time thru. Price is now consolidating around the 1095 target. The next Daily target down is 1066.

On 8-12-15, a new Long entry was been triggered at the 1108 entry price. The next target up is 1132. Trade pressures are up. Volume was bullish all last week.

Stops at the 1075 lows.

[8/20/15.: raise stops to 1111.]

SILVER_ YIU15

Weekly – The weekly low of 14.36 is a sufficient retest of the lows. Trade pressures are down but turning up. Volume has turned from two weeks of neutral to bullish.

Daily – Now (8-10-15) in the long trade from 14.83. The first target is 15.65. Trade pressures are up. Volume was bullish all week until the Friday close turned bearish.

Move the stop to the 14.83 entry price. [Stopped out on 8/18/15.]