COPPER_ HGH16

Weekly – Trade pressures are still down but extended. Volume remains bearish. Need a close above 2.23 to confirm any long trade.

Daily – Long. The next target up is 2.19. Trade pressures are still down but rising. Volume closed bullish on Friday.

Stops remain at 2.02.

[12-23-2015: raise stops to break even 2.0810]

 

GOLD_ GCG16

Weekly – Still in consolidation at the 1053 target. Trade presures are down but extended. Volumes are bearish.

Daily – Flat. Still in the downtrend from October. Trade pressures are now neutral. Volumes are moving back and forth from bearish to bullish to bearish suggesting congestion.

Need a close above 1070 and the 25×5 moving average to signal higher.

 

SILVER_  YIH16

Weekly – Also in the down trend for more than a year. Now consolidating at the 14.04 price level. Trade pressures are down and extended. Volumes are vacillating between bullish and neutral.

Daily – Flat. Trade pressures are now up. Volumes are congesting, but closed bullish.

Need a close above 14.19 to signal higher.