COPPER_ HGN17  #copperfutures

Weekly – Closed with a rally to the previous June high. Trade pressures are up. Volumes remain bullish.

Daily – Flat. Spent the week consolidating just above the 2.56 long entry level. Trade pressures are up. Volumes turned bullish late in the week.

Momentum is neutral.

If bullish volume continues , buy on a pullback to 2.58.

Keep any stops close at 2.53.

 

GOLD_ GCQ17  #goldfutures

Weekly – Three weeks down. Trade pressures are down. Volumes are neutral.

Daily – Flat. The trade down from the 1279 short entry price was closed at the first profit target of 1247.50. Trade pressures are down but turning up. Volumes have changed to neutral.

The next target down is 1216.

A close above 1260 would signal higher.

 

SILVER_ SIN17  #silverfutures

Weekly – The 25×5 moving average has acted as resistance ton the recent move up. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 17.17 short level. Trade pressures are down. Volumes have changed from bearish to neutral.

The next target down is 16.09.

A close above 16.71 would signal higher.