COPPER_ HGH16

Weekly – Remains in consolidation at the 2.00 level. Trade pressures are up. Volumes have changed from bearish to neutral.

Daily – Long. Traded thru the 2.04 long entry price on Tuesday. The next profit target is 2.12. Trade pressures are up. Volumes are bullish.

Stops the long trade at the entry price 2.04.

[2-22-16: have touched the first profit target. Next target up is 2.23.]
[2-25-16: moved to touch the 2.12 target for the second time and pulled back. Raise stop to the 2.07 pivot.]

 

GOLD_ GCJ16

Weekly – Two weeks into the new uptrend. Trade pressures are up. Volumes have changed from Bullish to neutral.

Daily – Short. The 1229 short entry has been retested. The hourly is over bot. Trade pressures are up but declining. Volumes remain bullish. With Bullish volume this is a higher risk trade. At your discretion.

The next profit target down is 1173.

Place stops at 1240.

[Update 2-22-16: Lower stops to the entry price of 1229.]
[2-23-16: after a move down to 1202, stopped out at 1229]

 

SILVER_ SIH16

Weekly – In the uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the pullback from the prior move up. The next target up is 16.16. A close above 15.68 would signal a second leg up. Trade pressures are up but declining. Volumes remain bullish.

a Close below 15.10 would signal lower.