COPPER_ HGU16 #copperfutures

Weekly – Just below the downtrend resistance. Trade pressures are down. Volumes have changed from bullish to bearish.

Daily – Flat. The short trade was stopped out at the 2.20 stop. Trade pressures are down but turning up. Volumes are bearish.

The retracement down continues. The next target down is 2.11.

A close above 2.19 could restart the move up.

 

GOLD_ GCZ16  #goldfutures

Weekly – Still in the move up. Trade pressures are up. Volumes have changed from bullish to neutral.

Daily – Long. After consolidating at the 1367 target and experiencing a small retracement the 1359 long entry was triggered. Trade pressures are neutral. Volumes remain bearish.

the next target up is 1427.

Stops are at the 1318 low pivot.

 

SILVER_ SIU16  #silverfutures

Weekly – Silver has risen about 50% on the year. Trade press are up and extended. Volumes have changed from bullish to neutral.

Daily – Flat. Consolidating at the 20.22 upside target. Trade pressures are in the neutral zone. Volumes are bearish.

No Trade.