COPPER_ HGZ16  #copperfutures

Weekly – The two week rally has produced a nice profit, testing the downtrend resistance line. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the move up from the 2.12 long entry. The 2.24 profit target was the trade exit. Trade pressures are up but extended. Volumes continue bullish.

The next  target up is 2.33.

A close below 2.21 would signal lower.

 

GOLD_ GCZ16  #goldfutures

Weekly – Rallying in the downtrend. Trade pressures have risen into the neutral zone.  Volumes have turned bullish.
Daily – Long. The move thru the 1284 long entry price has set up the 1352 target. Trade pressure are up. Volumes remain bullish.

The next target up is 1352.

Move stops to the entry price of 1284.

A move below 1278 could signal lower.

 

SILVER_ SIX16  #silverfutures

Weekly – The uptrend support line has held. Trade pressures are rising thru the neutral zone.

Daily – Flat. At the long entry of 18.378. Trade pressures are up. Volumes remain bullish.

The next target up is 20.42.

Stops at the 17.11 lows.