COPPER_ HGH17  #copperfutures

Weekly – Three bullish weeks. Trade pressures are up but diverging. Volumes are bullish.

Daily – Long. In the move up from the 2.61 long entry. Trade pressures are up and trending. Volumes have changed from bullish to neutral.

The next target up is 2.77. The swing high at 2.75 will offer resistance.

Stops are now raised to the entry level of 2.61 for a break-even.

 

GOLD_ GCJ17  #goldfutures

Weekly – This rally off the weekly downside target of 1132 has paused. Trade pressures are up. Volumes have changed to bearish. Still in the longer term downtrend.

Daily – Flat. The long trade was sold at the 1195 stop for a nice profit. Trade pressures are down into the neutral zone. Volumes are bearish.

A new short would be signaled with a close below the 1177 level.

A close above 1204 would signal a resumption of the long trade.

 

SILVER_ SIH17  #silverfutures

Weekly – Rallying inside the longer term downtrend. Trade pressure are up. Volumes are bullish.

Daily – Flat. In the move up from the 16.98 long entry. Trade pressures are down into the neutral zone. Volumes are bearish.

Volume never supported the long entry. Watch for the volume to turn bullish.