COPPER_ HGZ15

Weekly – Triggered the long confirmation three weeks ago. The subsequent pullback may test the prior lows. Trade pressures are neutral and rising. Volume changed from bullish to bearish.

Daily – Flat. The long trade was stopped out at break-even in this pullback. ( Price did trade thru the first upside profit target, a decision there would have preserved some profit.)

Trade pressures are down. Volume is bearish. A new move down is signaled at the 2.31 level. However the trade pressures are extended down so should see some rise in price to test the 25×5.

Wait for a pullback to the moving average and a second time down thru the 2.31 short entry.

GOLD_ GCZ15  reacting to the dollar?

Weekly – Still in down trend. Next down side target is 1053.  Trade pressures are just turning up. Volume has been bullish for two weeks.

Daily – Flat. A pullback to near the 1119 long entry price and the 25×5 gave a good opportunity for a long trade. However, SOM missed this one; no trade taken. The first profit target of 1156 was met in two days. Next profit target up is 1192 with resistance at the 1169 high pivot along the way.

Trade pressures are up. Volume is bullish.

SILVER_ YIZ15

Weekly – consolidating at the 14.15 low. Trade pressures are up. Volume is bearish and light.

Daily – Flat. No trades in silver. Trade pressures are neutral. Volume us bullish.