COPPER_ HGK16

Weekly – Attempted a break up out of the downtrend, but failed last two weeks. Trade pressures are down. Volume has changed from neutral to bearish.  The weekly MACD will turn negative below 2.00.

Daily – Flat. The short trade met the 2.11 profit target for a nice profit.  Trade pressures are down and extended. Volumes have turned neutral from bearish.

There is another target down at 1.97 which is also a prior low.

A close above the 2.14 level could signal higher.

 

GOLD_ GCM16

Weekly – Remains in the uptrend. Trade pressures are up but have been declining. Volumes remain bullish.

Daily – Flat. In a short term move down and has pulled back to resistance. Trade pressure are just turning up. Volumes are bullish.

Watch the weekly MACD at 1215.

Trend is flat, so no momentum and no trade.

 

SILVER_ SIK16

Weekly – Side ways in a new uptrend. Trade pressures are down. Volumes are mixed neutral to bullish.

Daily – Flat. Also at the resistance. Trade pressures are turning up. Volumes are changing from neutral to bullish.

No trade.