COPPER HGN16

Weekly – Traded down near the 2.02 weekly downside target. Trade pressures remain down. Volumes remain bearish.

Daily – Flat. The 2.05 target has been met. Trade pressures are extended down. Volumes are bearish.

The next target down is the prior low of 1.94.

The hourly is approaching oversold. A close above 2.09 would signal higher.

[5-25-16: the 2.09 long entry is triggered. Set the stop at 2.03. The next target up is 2.15.]

 

GOLD_ GCM16

Weekly – In the move up. The next weekly target up is 1336. Trade pressures are up but declining. Volumes have changed to bearish.

Daily – Short. In the move down from the short entry of 1271. Trade pressures are down. Volumes remain bearish.

The 1255 target has been met. The next target down is 1224.

Lower stops from the 1271 break-even to the 1261 prior pivot.

[5-24-16: lower stops to 1241, the 25×5 moving average.]

[5-25-16: lower stops to 1224.  The next profit target is 1215. Exit at that profit target.]

 

SILVER_ SIN16

Weekly – In a retracement after 18.06 nearly touching the 1816 weekly target. Trade pressures are up but declining. Volumes are now bearish.

Daily – Flat. In the move down from the 17.40 level. Trade pressures are now down. Volumes are bearish.