COPPER_ HGU16

Weekly – In the move up with a 2.50 target. Trade pressures are up and trending. Volumes remain bullish.

Daily – Long. Consolidating at the 2.25 target. Trade pressures are up. Volumes have changed from bullish to neutral.

The next target up is 2.33 just above the recent highs at 2.30.

Stops remain at 2.20 which is also a potential short entry signal.

[7-26-16: stopped out at the 2.20 stop for a small profit.]

 

GOLD_ GCQ16

Weekly – In a retracement move down. Trade pressures are up but declining. Volumes remain neutral.

Daily – Short. The 1350 short entry was triggered 10 days ago. Trade pressures are down. Volumes are bearish.

The next target down is 1270.

Stops are now 1339.

A close above 1352 would signal a new move up.

{7-27-16: closed the short at the 139 stop.]

 

SILVER_ SIU16

Weekly – Still in the move up. Trade pressures are up. Volumes are still bullish.

Daily – Flat. Large daily ranges persist. Trade pressures are up but declining. Volumes are now bearish.