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.