COPPER_ HGH16

Weekly – rallied to near the long confirmation price of 2.17. Trade pressures are up. Volumes have changed from neutral to bullish.

Daily – Long. The 2.12 level resistance gave way for a sharp rally up; price is now supported at that level, The next target up is 2.164. Trade pressures are up, but declining. Volumes have changed from bullish to bearish to bullish.

Stops remain at 2.07.

A close below 2.07 would signal lower.

[3-2-16: roll to May contract – sell March at 2.17, buy May at 2.174; and raise stops to 2.15]

[3-3-16: raise stops to 2.175]

 

GOLD_ GCJ16

Weekly – After a six week run now showing some distribution. Trade pressures are up and extended. Volumes have changed to neutral for these last two weeks.

Daily – Flat. Attempted a short last week , but was stopped out with a break-even trade. Trade pressures are up but rolling over. Volumes remain bullish.

If volumes change to neutral may short again at the 1229 level.

 

SILVER_ SIH16

Weekly – Silver is the short that we expected from gold. Trade pressures are up but rolling over. Volumes have changed from bullish to bearish.

Daily – Flat. Never executed the long trade from 14.30. Price reached multiple upside targets near the 16 level two weeks ago. A new short trade at 15.35 was signaled this last week. But again mnissed this trade. Trade pressures are down. Volumes changed to bearish mid week.

If you are in this, stops are at 16.02.