COPPER_ HGH16

Weekly – Looking for a higher low. Trade pressures have risen to the positive side. Volumes are mixed closing bearish.

Daily – Flat. Still in the pullback. Tested the 2.00 downside level. The next target down is 1.97. Trade pressures are down. Volumes are bearish.

A close above 2.04 would signal higher.

 

GOLD_ GCJ16

Weekly – Two weeks of rally mode. Trade pressures are fully extended up. Volumes are bullish.

Daily – Flat. Full break out above the 1202 target. Trade pressures are up. Volumes have changed from Bullish to Neutral. Some distribution is indicated.

A close below 1229 would signal a short to test that same breakout.

 

SILVER_ SIH16

Weekly – Breaks above the long term downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Should have taken the 14.30 long entry. Trade pressures are up with divergence. Volumes are bullish.

The next target up is 16.16.