COPPER_ HGH16

Weekly – Still consolidating around the lows at 2.02. Trade pressures are down but extended. Volume remains bearish. The down ward time cycle is complete on 12-25-2015.

Daily – Long. The trade entry at 2.0810 was triggered. Hard to know why fundamentally; perhaps the China economy is steadying? Trade pressures are crossing up past neutral. Volume closed bullish on 67,000 contracts Friday. The next target up is 2.1950.

Stops at the 2.020 lows.

 

GOLD_ GCG16

Weekly – Still in consolidation at the 1054 target. trade pressures are down, but extended. Volumes have changed back to bearish from bullish.

Daily – Flat. Trade was stopped out at the entry price for no gain. Trade pressures have dropped back into the neutral zone. Volumes remain bullish.

 

SILVER_ YIH16

Weekly – Again in the same consolidation that Gold is showing. The long term downtrend is intact. Trade pressures are down and extended. Volumes have changed from bullish to neutral.

Daily – Flat. Trading back down to the recent spike lows. There are targets near the 13-13.25 levels. Trade pressures are down. Volumes have changed from neutral to bearish.