COPPER_ HGH16

Weekly – Remains in the downtrend. The long cycle downside target is the 1.456 level. Trading pressures are down but rising. Volumes remain bearish.

Daily – Flat. At the 1.930 downside target. expect some consolidation here. Trade pressures are extended down. Volumes are bearish with one bullish day last week.

The next target down is 1.879.

Need a close above 2.00 to support a move higher.

 

GOLD_ GCG16

Weekly – the 1053 support has held for seven weeks. Trade pressures are up. volumes are bullish.

Daily – Long. In a pullback to the 25×5 moving average. Trade pressures are neutral. Volumes are mixed, closing as bullish.

Raise the stop to 1078.

Watch the DX for new pressures to the downside.

 

SILVER_ YIH16

Weekly – The 14.04 lows are holding. Trade pressures are down, but rising. Volumes are bearish.

Daily –  Flat. Trade pressures are up. Volumes are bearish.