COPPER_ HGH16

Weekly – The third week at these lower targets. Trade pressures are down. Volume remains bearish. Next weekly target down is 1.456

Daily – Flat. But very near the long entry price of 2.0810. Trade pressures are down but rising. Volume has been neutral for four days, perhaps an indication of short covering or accumulation.

Need a close above 2.0810 to trigger a new long entry.

 

GOLD_ GCG16

Weekly – Two weeks around the 1054 target. Trade pressures are sown. Volumes have changed to bullish.

Daily – Long. After a Thursday “wash and rinse” down thru the 1053 area to a low of 1045, price reversed to the upside on bullish volume. Friday price traded up thru the long entry price in the second hour of the morning.

Trade pressures have risen to neutral. Volume has been bullish for two days.

Price has closed well above the long entry. Raise Stops to the long entry price (1074).

 

SILVER_ YIH16

Weekly – Similar consolidation to Gold. Trade pressures are down. Volume has changed from bullish to neutral.

Daily – Flat. Two up days have reached the Long entry price. but the hourly indicator is very overbot, so wait for a small pull back for some price improvement.

Trade pressures are down but rising. Volume has been bullish for two days.