COPPER_ HGZ16  #copperfutures

Weekly – Still in the downtrend. Need a trade above 2.30 to confirm the long trade. Trade pressures are rising into the neutral zone. Volumes have changed from bearish to neutral. An alert for the emerging markets, perhaps.

Daily – Long. The entry at 2.13 triggers the long trade. The next target up is 2.23. Trade pressures are up. Volumes are mixed, bullish to neutral.

Nice move up. Raise stops to the 2.13 entry price.

 

GOLD_ GCZ16  #goldfutures

Weekly – In a pullback inside the uptrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. The long trade was triggered at the 9-6 close, but the downtrend line was resistance nearby so not taken. Trade pressures are down. Volumes are bearish.

Support at the 1305 low. The lower target of 1266 is still active id that does not hold.

 

SILVER_ SIZ16   #silverfutures

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

Daily – Flat. Silver gave every sign of a long trade earlier last week. Trade pressure are down. Volumes are bearish.

A new move above the 19.72 long entry could signal higher.