COPPER_ HGZ15

Weekly – The 2.42 long confirmation level has acted as resistance. Trade pressures are neutral and declining. Volume closed bearish for the week.

Daily – Flat. The congestion of last week has turned to the downside this week. The expected pullback to the 2.27 level is still the logical move. Trade pressures are down. Volume is bearish.

After a test of the 2.27 area, a move to close above 2.32 would signal higher.

 

GOLD_ GCZ15

Weekly – Remains in the downtrend. Trade pressures have turned down and are now in the neutral zone. Volume closed bullish for the week.

Daily – Short. Price rallied to 1183 ahead of the FED announcement, then traded sharply down thru the short entry price in the afternoon. Reached the first profit target down at 1147 the next day. The next target down is 1120.

Trade pressures are down. Volume is bearish.

A close above 1160 would signal higher. Stops at 1160.

[Update 11-3-15: lower stops to 1134. Take profit at the 1120 target.]

[Target met. Flat.]

 

SILVER_ YIZ15

Weekly – Still in downtrend. Trade pressures are up but declining. Volume has changed from neutral to bearish.

Daily – Flat. The consolidation at the 16.08 upside target continues. Trade pressures are down. Volume is bearish.

A close below 15.38 will signal lower.