COPPER_ HGH17  #copperfutures

Weekly – Pressing up against weekly resistance. Trade pressures are up. Volumes are bullish.

Daily – Long. Very near the 2.61 sell stop. Trade pressures are down into the neutral area. Volumes have changed to bearish.

This copper trade seems to be a short dollar trade.

The long trade had a move up to the prior high of 2.72 and is now pulling back.

The Sell Stop remains 2.61.

 

GOLD_ GCJ17  #goldfutures

Weekly – Remains in the downtrend. Trade pressures are up. Volumes are now bullish.

Daily – Flat. In a new move up from 1205. Trade pressures are up. Volumes are bullish.

Hourly overbot, so wait for some price improvement to go long.

The next target up is 1217, then the 1235.

The stop will be 1182.

 

SILVER_ SIH17  #silverfutures

Weekly – Continuing the rally inside the downtrend. Trade pressures are up, but becoming extended. Volumes remain bullish.

Daily – Flat.In the move up from 16.98. Trade pressures are now up. Volumes are bullish.

This is a retracement trade inside a long cycle move down; lacks “conviction”.