COPPER_ HGZ15

Weekly – Bumping up against the weekly long confirmation of 2.42 without success. Trade pressures are now up. Volume remains neutral.

Daily – Trade is Flat. The 2.32 – 2.37 area is the pivot area between long or short. Trade pressures are down but rising. Volume is bearish.  The 60 min internals are also showing downward pressures.  Perhaps a pullback in the longer cycle move up.

Look for a move down to the 2.27 area to set up a new long.

 

GOLD_ GCZ15

Weekly – While still in the downtrend, Trade pressures are up. and Volume has been bullish for six weeks.  Need a close above 1225 to change the trend.

Daily – Short. The early October move up almost met the 1194 full move projection. Last weeks move below 1174 has triggered a new short entry. Trade pressures are still up. Volume has turned bearish.

Still in Daily uptrend. Wait for a pullback up to the 1174 short entry.

 

SILVER_ YIZ15

Weekly – Trade pressures are up but extended. Volume has changed from bullish to neutral.

Daily – Flat. In a move up. The next target up is 17.41. As with gold, the market turned down in the last three trading days. In consolidation around the 16.07 level. Trade pressures are up but declining . Volume is bearish.

Need a close below 15.38 to signal a new move down.