COPPER_ HGK16       Very rapid move up after breaking above the 2.15 pivot.

Weekly – Trade up to and thru the 2.16 long confirmation price level. The next weekly target is 2.54. Trade pressures are up. Volumes remain bullish.

Daily –  Long. In the March contract from 2.04 to 2.17, then rolled to the May contract at the 2.174 level. Next target up is the 2.32 level. Trade pressures are up. Volumes are bullish.

Raise stops to 2.23.

[3-7-16: raise stops to 2.26] [3-7-16: stopped out (@2.26) in the after hours trading.]

 

GOLD_ GCJ16

Weekly – In the second leg up and in the targeted range. Trade pressures are up, but very extended. Volumes have changed from neutral back to bullish.

Daily – Flat. The upward move went parabolic and then formed a rising wedge. Now, Gold has broken out again to the upside. The trade pressures are up but declining. Volumes are bullish.

A trade below 1246 would signal lower.

 

SILVER_ SIK16

Weekly – Also showing long entry confirmation at the 15.10 price. Trade pressures are up, but declining. Volumes have changed from bearish to bullish.

Daily – Flat. The prior short trade moved down to the first profit target, then turned up and traded thru the 15.14 long entry price. Did not enter as the indicators were all bearish.The next target up is 16.00 which coincides with the prior February high. Probability suggest taking profits at that target. Trade pressures are neutral but rising. Volumes have changed from bearish to bullish.

Stops would be at the 15.14 entry price.