COPPER_ HGK16

Weekly – Have begun a pullback form the downtrend resistance line. Trade pressures are up but at the extremes. Volumes have turned from bullish to neutral.

Daily – Short. The Wednesday break down thru 2.27 has setup the new short trade. Trade pressures have turned down and are in the neutral zone. Volumes have turned from bullish to bearish.

The next target down is 2.19.

Stops at the short entry price of 2.27.

[3-30-16: Lower stops to 2.22. Trade pressures are now solidly negative, nearing the first profit target.]

[4-1-16: Lower stops to 2.20]

 

GOLD_ GCJ16

Weekly – In the uptrend, and now consolidating after a six week run up. Trade pressures are up but rolling over. Volumes remain bullish but also are declining.

Daily – Flat. In a new move down. The trade above and the subsequent trade below the 1253 was missed. Trade pressures are down. Volumes remain bearish.

The next target down is 1197. Stops should be at the short entry price of 1253.

 

SILVER_ SIK16

Weekly – Seven weeks of consolidation. Trade pressures are up but declining. Volumes have changed from bullish to neutral.

Daily – Flat. No trade taken. Did get a break down setting up a target of 14.46. Trade pressures are down. Volumes have changed from bullish to bearish.

Stops would be at the entry price of 15.51.