COPPER_ HGN17  #copperfutures

Weekly – The rally late in the week has price pressing up against the 25×5 moving average. Trade pressures are up. Volumes have changed from neutral to bullish.

Daily – Long. The break above the downtrend line at 2.58 confirms the new long.  Trade pressures have risen into the neutral zone. Volumes are bullish.

The next target up is 2.70.

Stops are 2.56.

[6-15-17: stopped out at the 2.56 level.]

 

GOLD_ GCQ17  #goldfutures

Weekly – The 1300 high pivot acted as resistance. Trade pressures are up. Volumes have changed to Bearish from bullish.

Daily – Short. A close below the 1279 level has triggered the new short position. Trade pressures are up but have rolled over. Volumes are bearish.

The first profit target down is 1247.

Stops are the recent pivot at 1298.

[6-15-17: lower stops to the 1279 entry level.
Take profit at the first profit target of 1247.50.]

 

SILVER_ SIN17  #silverfutures

Weekly – Consolidating at the 25×5. Trade pressures are up. Volumes are neutral for these last four weeks.

Daily – Flat. The long trade from the 16.49 level was stopped out for a gain. Trade pressures are up but rolling over. Volumes are bearish.

Still in the move up. The next target up is 17.89.

Support is at 16.83.