COPPER_ HGK17  #copperfutures

Weekly – Wide ranging week which breaks down below the 25×5 moving average. Trade pressures are down but turning up. Volumes closed as bearish.

Daily – Flat. The long trade was stopped out with a small gain. Trade pressures are down. Volumes are now bearish.

The next target down is 2.45.

A new move up thru 2.57 could restart the move up.

 

GOLD_ GCM17  #goldfutures

Weekly – A decisive breakdown back to the 25×5 moving average which should act as resistance. Trade pressures are down. Volumes have changed from neutral to bearish.

Daily – Flat. In the move down from the 1254 level. Trade pressures are down. Volumes are bearish.

The next target down is 1183.

A close above 11249 could restart a new move up.

 

SILVER_ SIK17  #silverfutures

Weekly – The 25×5 moving average has been broken, setting up a new downtrend. Trade pressures  are down. Volumes remain bearish.

Daily – Flat. The retracement has turned into a new move down. Trade pressures are down and trending. Volumes remain bearish.

The next target down is 15.94.

A close above 16.90 would signal higher.