COPPER_ HGN16

Weekly – Still in the down trend. Trade pressures are down but showing divergences. Volumes are bearish.

Daily – Flat. Trade pressures are rising thru neutral to up. Volumes have changed from bearish to neutral.

A second close above 2.07 would signal a new move up.

[6-21-16: yesterdays close above 2.07 triggered a new long entry at 2.09. Stops at the low of 6-20, 2.0520. The next target up is 2.13.]

[6-21-16: at the close, raise stops to the 2.09 long entry price.]

[6-23-16: raise stops to the 25×5, or 2.145.] [stopped out as BREXIT counts shows a lead for “leave”.]

 

 

GOLD_ GCQ16

Weekly – weekly support is at 1218, the 25×5 moving average. Trade pressures are up. Volumes changed from neutral to bullish this week.

Daily – Flat. The long trade was stopped out at the 1299 profit target. Trade pressures are extended up. Volumes are bullish.

The next target up is 1360.

A new short entry is a close below 1293.

[6-21-16: short entry triggered @1293. Stops at 1318. Lower to break even at the touch of 1265.50.]

[6-21-16: At the close – lower stops to the 1293 short entry.]

[6-23-16: Looks like a “Remain” for the BREXIT vote. Lower stops to the 25×5 1266.] [stopped out as BREXIT counts shows a lead for “leave”.]

 

SILVER_ SIN16-

Weekly – In the move down inside the long term uptrend. Trade pressures are rising into neutral. Volumes are bullish.

Daily – Long. The long entry was 17.00. Ticked a high of 17.88 on the way to the 18.00 profit target. Trade pressures are up and looking extended. Volumes remain bullish.

The stop and the new short entry are the same, 17.36.

[6-21-16: stopped out at the 17.36 level. No new short entry as volumes remain bullish.]