COPPER_ HGN16

Weekly – In the move down to a possible test of the January lows at 2.02. Trade pressures are down. Volumes have changed from bullish to bearish.

Daily  – Flat. In the move down from the 2.24 reversal. Trade pressures are down and extended. Volumes are bearish.

The next profit target down is 2.05. With the downward pressures fully over-sold, this profit target should be taken.

A close above 2.1610 would signal a new move up.

Use this 2.16 level as a stop.

 

GOLD_ GCM16

Weekly – In a move up. Trade pressures are up but declining. Volumes are mixed bullish to neutral. 1336 is a long confirmation.

Daily – Short. The short entry is 1271. Trade pressures are down. Volumes are neutral, changing from bearish.

The next target down is 1215.

Stops are at 1306.

[5-18-16: Change the target down to 1224. Take profits at this 1224 target.
And lower the stop to the 1271 entry price.]

 

SILVER_ SIN16

Weekly – Met the upside target last week. In a pullback as expected this week. Trade pressures are up. Volumes are mixed bullish to neutral.

Daily – Flat. In a move down. Trade pressures are neutral and declining. Volumes are bearish.

17.40 is a new short entry, But the hourly is still in a new move up.

Wait.