COPPER_ HGU16

Weekly – The long confirmation could not break out of the year long downtrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. The 2.17 short entry was triggered on July 6th. Trade pressures are down. Volumes remain down.

The next target down is 2.10.

Stops are at the 2.24 high.

A close above 2.13 would signal higher.

 

GOLD_ GCQ16

Weekly – Moved up through the prior highs and thru the 1351 weekly target. Trade pressures are up. Volumes are neutral.

Daily – Flat. Next short entry will be a close below 1350. Trade pressures are up. Volumes are bullish.

The Stop will be the 1377 high.

 

SILVER_ SIU16

Weekly – Almost to the 21.90 weekly target. Trade pressures are up. Volumes have changed to neutral.

Daily – Flat. Daily ranges are too high to take the short signal. Trade pressures are up and trending.