COPPER_ HGZ16  #copperfutures

Weekly – Still in Downtrend with lower targets. Trade pressures are down and very oversold. Volumes remain bearish.

Daily – Flat. In the move down from the 2.20 short level. Closed the Sep ’16 contract at the expiration.  Trade pressures are down. Volumes remain bearish.

The next target down is 1.99.

Need a close above 2.13 to signal higher.

 

GOLD_ GCZ16  #goldfutures

Weekly – Still in the uptrend. Trade pressures are now down. Volumes are bearish.

Daily –  Flat. The long trade stopped out at the 1318 for a loss. Trade pressures are down but turning up. Volumes have changed from bearish to bullish.

In a new downtrend. Consolidating at a downside target of 1307.

The next target down is 1266.

Need a close above 1347 to signal higher.

 

SILVER_ SIZ16 #silverfutures

Weekly – In the uptrend. Trade pressures are down into the neutral zone. Volumes are bearish. Support at the 25×5 moving average (17.95).

Daily – Flat. In the downtrend started 8-19. Trade pressures are down but rising. Volumes are now bullish. Resistance at the $20 downtrend line.