COPPER_ HGH16

Weekly – Continues the uptrend. trade pressures are rising thru neutral. Volumes are bullish.

Daily – Flat. Stopped out at the 2.10 stop for a nice gain. Trade pressures are up and extended. Volumes are bearish.

Looking for a pullback. If price closes below 2.08 then likely to test the 2.00 level.

 

GOLD_  GCJ16

Weekly – all indicators point to long. Trade pressuresd are up but extended. Volumes continue bullish.

Daily – Flat. After getting stopped out on a pullback, the trade continued up thru the 1139 profit target and is now targeting the 1180 profit target. Trade pressures are up and extended. Volumes have turned from bullish to bearish.

A close below 1140 would signal lower.

 

SILVER_ SIH16

Weekly – Still in the long downtrend since mid 2014. Trade pressures have changed to up. Volumes have changed to bullish.

Daily – Flat. Confusing. Had an earlier long entry, but the trade pressures were over-bot. Now those same trade pressures are signaling divergence. Trade pressures are up. Volumes have changed from bullish to bearish.

Stay away for this trade.