COPPER_ HGZ15  (reputed to be a short proxy for the Chinese markets when the PRC prohibited short selling.)

Weekly – The 2.42 weekly confirmation level is acting as resistance. Trade pressures are up. Volume is neutral.

Daily – Long. Still in the long trade from the 2.32 entry price. Now in consolidation around the first profit target of 2.40. The next target up is 2.52.

Trade pressures are up but extended. Volume has changed from bullish to neutral. Volume is light.

Move stops to 2.36, the 25×5 moving average.

[10-19-15 update: HGZ15 stopped out @ 2.36 in the Monday morning premarket.]

 

GOLD_ GCZ15

Weekly – Has closed above the 25×5 moving average. Trade pressures are up. Volume remains bullish.

Daily – Flat. The move is up but missed the 1121 entry twice. 1194 is the next target up. Trade pressures are up but extended. Volume is bullish, but also showing some slowing of this move.

A close below 1174 could signal a retracement down to the 1147 area.

 

SILVER_ YIZ15

Weekly – Also closed above the 25×5 moving average. Trade pressures are up. Volume is bullish.

Daily –  Flat. No trade. Too much volatility with big three day moves up or down and then followed by congestion. Trade pressures are up. Volume is bullish but declining.