COPPER_ HGH18  #copperfutures

Weekly – After consolidating these last six weeks, this prior week move below 3.05 represents a break down. Trade pressures are down. Volumes are down.

Daily – Flat. In the move down from the October sell levels of 3.19. Trade pressures are down. Volumes are bearish.

Thru the first target of 3.05. The next target down is 2.90.

A close above 3.03 would signal higher.

[12-13-17: Long. The 3.03 has been triggered.]

[12-19-17: Raise the stop to the 25×5 moving average at 3.08.]

[12-20-17: Now 3.20 and at the old short entry of 3.19. Raise stops to the 3.17 target. The next target up is the prior high pivot at 3.28.]

 

GOLD_ GCF18  #goldfutures

Weekly – Still in this wide trading range; now at the bottom and at support. Trading pressures are down. Volumes are bearish.

Daily – Flat. Now in a new downtrend from the 1292 level. Trading pressures are down. Volumes are bearish.

The next target down is 1231.

A close above 1280 would signal higher.

 

SILVER_ SIH18  #silverfutures

Weekly – Dropped out of the consolidation area also. Trade pressures are down. Volumes are bearish.

Daily – Flat. A  sharp move down from the 17.02 short entry and almost to the 15.53 full move target. Trade pressures are down. Volumes are bearish.

The next target down is 15.53.

A close above 16.37 would signal higher.