COPPER_ HGH16

Weekly –  Remains in the downtrend, but some signs of basing at the 2.02 downside targets. Trade pressures are down but rising. Volume has changed for bearish to neutral.

Daily – Long. The next profit target up is 2.19.  Trade pressures are up. Volume has turned bullish for the last four days.

Stops are at the 2.0810 long entry price.

A close below 2.03 will reverse this trade.

[12-28-2015: stopped out of the long trade at 2.0810]

 

GOLD_ GCG16

Weekly – Still in consolidation at the 1053 level. Trade pressures are extended down but showing some divergence. Volumes are neutral and very light.

Daily – Long entry was triggered at the Monday close above 1070 with a revist to the that level mid week. The first profit target up is 1104. Trade pressures are up but declining.Volume is bullish also declining. Trend lines are flat indicating little momentum.

Tight stops will be placed at the 1070 entry price, (have low confidence in the volume).

[12-30-2015: stopped out immediately @ break-even.]

 

SILVER_ YIH16

Weekly – In the long downtrend, and in consolidation at the 14.04 lows. Trade pressures are down but rising. volumes are neutral for the 2nd week.

Daily – Flat. Have traded above the 14.19 long entry, but the Daily is over-bot on declining volume. Let’s wait. Trade presses are hard up. Volume is a very light bullish.