COPPER_  HGK16

Weekly – Traded up to the weekly trend reversal level and stopped. Trade pressures are up and extended. Volumes remain bullish.

Daily – Flat. The last trade was stopped out at the 2.26 level. Trade pressures are up but rolling over. Volumes remain bullish.

In the down trend to the 2.16 level. The prior high pivot was 2.15, so also look for support in that area.

 

GOLD_ GCJ16

Weekly – In the uptrend. 1319 is the next target up. Trade pressures are up but extended. Volumes remain bullish.

Daily – Flat. In a second leg up from the 1240 level. but now testing that same level to the downside. Trade pressures are up but showing divergences. Volumes remain bullish.

Look for changes in the volume to signal a retracement. Need a close below 1253 to trigger lower.  Volatility is very high. The average true range is near 30 points, so manage any trade carefully.

 

SILVER_ SIK16

Weekly – The close above 15.50 in mid February put Silver in an uptrend. Trade pressures are up but declining. Volumes are still bullish.

Daily – Flat. In a move up inside  the downtrend. Trade pressures are up but declining. Volumes are bullish.

High volatility without direction.