COPPER_ HGH16

Weekly – peeking back above the 2.01 downside targets. Trade pressures are down but rising. Volumes remain bearish, but lower.

Daily- Long. The 2.00 long entry price has been triggered. Trade pressures are down but rising quickly. Volumes are vacillating between bullish and neutral.

Stops are at the 1.935 low pivot.

[Jan 28th, move stops to break-even, 2.00]

 

GOLD_ GCG16

Weekly – Three weeks of bullish behavior. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up from the 1068 long entry. Thru the 1103 target. The next target up is 1139. 1119 is resistance, so expect some consolidation here. Trade pressures are up but showing divergence. Volumes are bullish.

Raise stops to 1084.

[Jan 28th – sell at 1115, expect to roll to April contract]

 

SILVER_ SIH16

Weekly – making a test of resistance this week. Trade pressures are up. Volumes have changed to neutral from bearish.

Daily – Flat. The 14.30 entry price has been exceeded, but no trade til a pullback near the entry price. Trade pressures are extended up. Volumes are congesting. Look for consolidation here.