COPPER_ HGH16

Weekly – Still in basing mode. Trade pressures remain down but rising. Volumes have changed from neutral to bullish.

Daily –  Flat. The prior attempt at a long trade was stopped out for a break-even. Still in the downtrend started in September, but pressing up against a possible break-out to the upside. Trade pressures are up. Volumes have been bullish all during the latter part of December.

Looking for a pullback below the original 2.0810 entry price for a new decision.

 

GOLD_ GCG16

Weekly – Still in the consolidation at the 1053 downside target. Trade pressures are down but rising. Volumes are very light and bearish.

Daily – Flat. The attempt last week at a long trade was immediately stopped out, also at a break-even. Trade pressures are down. Volumes have changed from neutral to bearish.

A failure of the 1046 low to hold will activate the 1006 downside target.

 

SILVER_ YIH16

Weekly – Still in downtrend. The 14.04 lows is being tested. the next target down is 9.43. Trade pressures are down but rising.Volumes have remained neutral.

Daily – Flat. The over-bot situation observed last week resulted in a decline below the long entry price. Trade pressures are down. Volumes turned bearish, but are very holiday light.