COPPER_ HGU17  #copperfutures

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

Daily – Flat. The move up never pulled back to allow an entry. Trade pressure are up and trending. Volumes are bullish.

Now at multiple profit targets – 2.17-2.72. The next target up is 2.83.

A close below 2.636 would signal lower.

 

GOLD_ GCU17  #goldfutures

Weekly – Pressing down thru the 25×5 moving average. Trade pressures are down hard. Volumes have changed from neutral to bearish.

Daily – Flat. Still in the move down from the 1279 short entry, even after taking profit at at 1247. Trade pressures are down but showing some divergences. Volumes are bearish.

The next target down is the nearby 1216 then another target lower at 1202.

A close above 1237 would signal higher.

 

SILVER_ SIU17  #silverfutures

Weekly – Seems to be ahead of Gold in this move down. Trade pressures are down. Volumes are bearish.

Daily – Flat. The down move has resumed after a pullback. Trade pressures are down, but showing divergence. Volumes are bearish.

The next target down is 15.14.

A close above 16.40 would signal higher.