COPPER_ HGHZ16  #copperfutures

Weekly – Nice rally inside the downtrend. Trade pressures are up and near fully extended. Volumes remain bullish.

Daily – Long. The trade from 2.13 is still active with a nice profit so far. Trade pressures are up and trending. Volumes remain bullish.

The first profit target up is 2.22. The full profit target is 2.32.

Stops should be raised to the last week low of 2.16.

[10-06-16 – Stopped out at the 2.16 for a small profit]

 

GOLD_ GCZ16  #goldfutures

Weekly – Undergoing a retracement inside the uptrend. Trade pressures are down but rising. Volumes have changed from neutral to bearish.

Daily – Flat. The long entry signal on 9-09 was not confirmed. Trade pressures are down. Volumes are bearish.

1347 remains a new long entry trigger.

A close below the low pivot of 1309 would signal lower.

The hourly is over-bought, so lower seems likely.

 

SILVER_ SIZ16  #silverfutures

Weekly – In the uptrend. Trade pressures are neutral again this week. Volumes have changed from bullish to neutral.

Daily – Flat. near a new long entry. Trade pressures are down but rising. Volumes are bearish.

19.72 is the new long entry level.

Need a confirmation from volume. The hourly is over bought so a move down first is likely.