Metals

COPPER_ HGH16

Weekly – retesting the 2.02 lows. Trade pressures are down but rising. Volumes have reversed from bullish to bearish.

Daily – Flat. At the low pivot. A short entry was triggered at 2.04, but waiting for a pull back as the stochastic is oversold. Trade pressures are hard down. Volumes have changed from bearish to neutral.

 

GOLD_ GCG16

Weekly – Again the 1053 holds support. The next level down is 814. Trade pressures are rising thru neutral. Volumes have changed to bullish.

Daily – Long. The close above 1068 triggered the long entry,reached the 1103 target. The next target up is 1139. Trade pressures are up. Volumes were bullish all week but closed bearish on Friday.

Stops at the 1068 entry price.

 

SILVER_ YIH16

Weekly – Also testing the prior lows. Did not follow gold. Trade pressures are down but rising. Volumes have remained neutral.

Daily – Flat. In the down trend. Trade pressures are up. Volume is bearish.