COPPER_ HGH16

Weekly – Met the expected low of 2.01. Trade pressures are down. Volume is bearish.

Daily – Flat. In consolidation at the 2.03 target. The 2.08 entry price was tested, but no close above to trigger a new long. Trade pressures are down but showing some divergence. Volume is still bearish.

Need a close above 2.08 to trigger a new long.

 

GOLD_ GCG16

Weekly – Testing the weekly downside target of 1053. Trade pressures are down. Volume remains bearish.

Daily – Flat. The consolidation breaks to the downside to a new low of 1051. Trade pressures are down but rising. Volume is still bearish.

The next target down is 1043.

Need a close above 1073 to trigger a new long entry.

 

SILVER_ YIH16

Weekly – Breaking the lows. Still in a downtrend. Trade pressures are down. Volume has changed form bearish to bullish.

Daily – Testing the August ’15 lows. Trade pressures are down but trending upward. Volume is bearish. Next target down is 13.55.

Need a close above 14.51 to trigger a new long entry.