COPPER_ HGN16

Weekly – Bearish volumes return. Trade pressures are down but rising. Volumes have changed from neutral to bearish.

Daily – Flat. Trade pressures are down. Volumes are bearish.

The 25×5 moving average has acted as resistance. The close below 2.08 has signaled lower. The next target down is 1.979.

A close above 2.07 is required to get a new move up started.

 

GOLD_ GCQ16

Weekly – In the uptrend until 1140 support is broken. Trade Pressures are rising into the Neutral zone. Volumes have changed from bearish to neutral.

Daily – Long. The 1226 triggered set the new long. Trade pressures are up. Volumes are bullish.

The actual next day entry would have been 1241. The 1250 targets ad the 1262 targets have been reached.

The next target up is 1299.

A close below 1255 would signal lower.

Stops at this 1255 short entry level.

 

[6/13/16: raise stops to the 1262 target.]

[6-15-16: Sell at the 1299.60 target.]

 

SILVER_ SIN16

Weekly – Still in the uptrend. Trade pressures are rising into the neutral zone. Volumes have changed to bullish from bearish.

Daily – Long. A close above the 16.93 level has triggered the new long. Trade pressures are up. Volumes are bullish.

The next target up is 18.00.

Stops at the 16.73 which is the 25×5 moving average.

[6/13/16: raise stops to the entry price of 17.]

[6-15-16: raise stops to 17.12. Sell at the next upside target of 18.00.]