COPPER_ HGZ15
Weekly – Trading pressures remain flat. Bearish volume for a second week now.
Daily – Flat. No trade. The pullback from the late Sept move up was stopped at the prior downside target of 2.24. In a move down from 2.30 with a first profit target of 2.12.
Also have traded thru a long entry price of 2.29 but the trade pressures are still down and do not confirm the trade. Volume has turned bullish.
Watch the 60 minute time frame for guidance.
GOLD_ GCZ15
Weekly – Still in down trend. Need a break above 1155. Trade pressures have turned up. Volume has been bullish for three weeks.
Daily – Flat. No Trade. The move has been up from an unconfirmed long signal at 1121. Now in a pullback to 1111 with a sharp rally on Friday closing at 1136. Trade pressures are neutral but trending upward. Volume closed bullish on Friday.
A close above the original 1121 long entry with confirmation of the indicators would signal a long trade.
SILVER_ YIZ15
Weekly – Trade pressures are up. Volume is bullish.
Daily – NO Trade. Flat. Following Gold. Trade pressures are down but rising. Volume is bullish.