COPPER_ HGH18  #copperfutures

Weekly – Remains in the consolidation mode. Trade pressures are down. Volumes have returned to neutral from bullish.

Daily – Short. In the move down from the 3.24 short entry level. Trade pressures are neutral. Volumes are mixed; bullish to bearish.

The next target down is 3.11 once again.

A close above 3.30 would signal higher.

Set the stop at 3.29.

[2-5-18: Lower stops to the 3.24 entry level.]

[2-8-18: lower stops to 3.15.]

 

GOLD_ GCJ18  #goldfutures

Weekly – The weekly double top has formed. Trade pressures are up and trending. Volumes have changed from bullish. to neutral.

Daily – Short. In the new move down form the 1340 short entry. Trade pressures are in the neutral zone. Volumes are bearish.

The next target down is 1291.

A close above 1360 would signal higher.

Set the stop at 1360.

[2-6-18: Lower stops to the 1340 entry price.]

[2-8-18: Lower stops to 1330.]

 

SILVER_ SIH18  #silverfutures

Weekly – Remains in the downtrend. Trade pressures are down. Volumes have changed from bullish to bearish.

Daily – Short. In the move down from the 17.05 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 16.00.

A close above 17.00 would signal higher.

Set the stops at 17.00.

[2-5-18: lower stop to 16.86.]

[2-6-18: Silver was stopped out overnight at the 16.86 level for a small gain.]