COPPER_ HGZ17  #copperfutures

Weekly – In the new move up. Trade presuree are up. Volumes are now bullish.

Daily – Long. In the new move up from the 3.05 entry. Trade pressures are up. Volumes remain bullish.

Now at 3.14, he next trade level up is 3.17, the prior swing high.

Use the 25×5 moving average as the stop, currently at 2.99.

A close below the 25×5 would signal lower also.

[10-17-17: raise stop to 3.17]

 

GOLD_ GCZ17  #goldfutures

Weekly – Bouncing up off the 25×5 moving average support. Trade pressures are rising into the neutral zone. Volumes have changed from bearish to neutral.

Daily – Long. The upward retracement has triggered a new long entry at 1298. Trade pressures are up. Volumes are bullish.

Now at 1305, set the stop at the entry price, as we are still below the 25×5 moving average and in bearish territory.

The next target up is 1338.

[10-16-17: trade was stopped out at the entry price.]

 

SILVER_ SIZ17  #silverfutures

Weekly – The two week rally still has not moved silver out of bear territory. Trade pressures are up. Volumes have changed from bearish to neutral.

Daily – Long. Similar to gold, the trading rally off the downside targets has triggered a new long entry at 17.06. Trade pressures are just up. Volumes are bullish.

The next target up is 17.87.

Use the 25 x 5 as the stop, currently 17.12.

A trade back below the 25×5 would signal lower.

[10-17-17: trade stopped out for a small gain at 17.12]