COPPER_ HGZ17  #copperfutures

Weekly – Still in the pullback from the 3.23 target. Trade pressures are up but declining. Volumes remain neutral.

Daily – Short. The break of the 25×5 moving average at 3.13 confirms the earlier short signal. Trade pressures are down. Volumes are bearish.

The next target down is 3.02.

A close above 3.13 would signal higher.

Stops at 3.13.

[11-13-17: stopped out for a break-even.]

 

GOLD_ GCZ17  #goldfutures

Weekly – A four week sell down followed by a five week consolidation appears to setting up a second leg down. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the consolidation. Trade pressures are down into the neutral zone. Volumes are mixed, bullish to bearish.

A close below the 1262 support would signal lower.

A close above the old long entry at 1298 would signal higher.

 

SILVER_ SIZ17  #silverfutures

Weekly – In a similar consolidation as Gold. Trade pressures are up into the neutral zone. Volumes are bearish.

Daily –  Flat. Directionless. Trade pressures are down. Volumes are mixed neutral to bearish.

A break below the 16.57 support would signal lower. The next target down is 16.29.

A close above 17.06 would signal higher.