COPPER_ HGU16

Weekly – Pushing up against the downtrend stop. Trade pressures are up. Volumes are bullish.

Daily – Flat. The break of 2.20 stop level has signaled lower. Trade pressures are down. Volumes remain bearish.

The long trade was stopped out at 2.20 after a move up from the 2.16 long entry.

A trade back down thru the 2.20 level would signal a new short entry.

 

GOLD_ GCU16

Weekly – A close below 1322 was required to confirm a weekly short, but price moved up off that level. Trade pressures are up. Volumes have changed from neutral to bullish.

Daily – Flat. Near the long entry price of 1359. Trade pressures are up. Volumes have changed to bullish.

The first target up is 1427.

Stops will be placed at 1318.

 

SILVER_ SIU16

Weekly – In the move up toward the 21.90 target. Trade pressures are up. Volumes are bullish.

Daily – Flat. Near a new long entry of 20.53. Trade pressure are up. Volumes are bullish.

Stops will be the 19.27 low.