COPPER_ HGZ16  #copperfutures

Weekly – A bullish reversal in the downtrend. Trade pressures are now up. Volumes have changed to bullish. A trade through 2.30 would reverse the downtrend to up.

Daily – Long. The trade thru the 2.12 long entry trigger has set a new move up. Trade -pressures are up. Volumes changed to bullish early in the week.

The next target up is the recent pivot high at 2.21, then 2.23.

Stops were raised to the 2.12 entry price early. Now raise the stops to the 25×5 moving average of 2.15.

[11-1-16: raise the stops to 2.20.
Sell at the 2.2395 profit target.]

[11-3-16: reached the profit target: sold.]

 

GOLD_ GCZ16  #goldfutures

Weekly – three weeks of a rally up inside this downtrend. Trade pressures are down but diverging. Volumes remain neutral. The next weekly target down is 1226.

Daily – Flat. The rally off the 1243 lows is testing the downtrend resistance. Trade pressures have risen into the neutral zone. Volumes remain bullish.

The next target down is 1228.

Need a close above 1282 to begin a new uptrend; and 1284 is a new long entry trigger.

[11-1-16: New long entry at 1284.
Set the stops at 1277.]

 

SILVER_ SIZ16  #silverfutures

Weekly – The uptrend support at 16.88 is holding. Trade pressures are down. Volumes are neutral.

Daily – Flat. Consolidating at the 17.87 downside target. Trade pressures have risen into the neutral zone. Volumes are bullish.

The next target down is 15.61.

A close above 18.37 would signal higher.