COPPER_ HGK16 – HKNUZ Trading terminates on the third last business day of the delivery month.

Weekly – Second week up in long confirmation. Trading pressures are rising into neutral. Volumes have changed from neutral to bullish.

Daily  – Long. In the trade from the 2.14 long entry.  Up against resistance and at the 2.30 target. Trade pressures are up and extended. Price rose against two days of bearish volume.

The next target up is the 2.32 recent high pivot.

Raise stops to 2.24.

[4-27-16: stopped out at the 2.24 level for a ten cent profit.]

 

GOLD_ GCM16    GJMQVZ  Trading terminates on the third last business day of the delivery month.

Weekly – Stuck in this range of 1200 to 1250. Trade pressures are still up but declining. Volumes have been steadily bullish.

Daily – Flat. Continues the volatile moves up and down reacting to external events. Trade pressures are declining into the neutral zone. Volumes are mixed bullish to bearish.

The daily bias seems to be bearish, but the hourly is over sold.

 

SILVER_ SIK16    HKNUZ   Trading terminates on the third last business day of the delivery month.

Weekly – Broke out of the Feb-Apr channel. Trade pressures have risen to the neutral zone. Volumes have been bullish but closed the week as bearish.

Daily – Flat. In the move up from 15.37. Both the 16.34 and the 17.30 targets have been met. Trade pressures are fully over-bot. Volumes have changed from bullish to bearish and to neutral.

16.75 should be a stop.