Metals

COPPER_ HGZ17  #copperfutures

Weekly – Treading water. Trade pressures are down into the neutral zone. Volumes are neutral.

Daily – Flat. The short entry was quickly stopped out at the entry price. Trade pressures remain neutral. Volumes are bearish.

The trade continues down, The next target down is 3.02.

A close above 3.09 would signal higher.

 

GOLD_ GCZ17  #goldfutures

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

Daily – Flat. Never broke down. Trade pressures are rising in the neutral zone. Volumes are now bullish.

The next long entry is 1298.

A close below 1262 would signal lower.

 

SILVER_ SIZ17  #silverfutures

Weekly – Stuck at the long entry price. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from 17.06. Friday was the first sustained move up. Trade pressures are up. Volumes are now bullish.

The next target up is 17.49.

A close below 16.57 would stop the move up.