COPPER_ HGU17  #copperfutures

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

Daily – Flat. Consolidating at the 2.72 level. up but showing some divergence. Volumes are neutral. Trade pressures are neutral.

The next target up is 2.83.

A close below 2.64 would signal lower.

 

GOLD_ GCQ17  #goldfutures

Weekly – In a two week rally off weekly support. Trade pressures are now up. Volumes are bullish.

Daily – Long. In the move up from the 1225 level. Trade pressures are up. Volumes are bullish.

Now at the 1254 target. The next target up is 1285.

Take profits at 1285.

A close below 1234 would signal lower.

Raise the stop to 1234.

 

SILVER_  SIU17  #silverfutures

Weekly – Still in a downtrend but experiencing a two week rally. Trade pressures are down but rising. Volumes are now neutral.

Daily – Flat. This move up from 15.80 is testing the 25×5 moving average as resistance. Trade pressures are up. Volumes are Bullish.

A break above the 25×5 on bullish volume could signal higher. The next target up is 16.87.

A close below 15.88 would signal lower.