COPPER_ HGK16

Weekly – The weekly long confirmation at 2.16 is still active. Trade pressures are down. volumes are mixed, bearish to neutral.

Daily – Long. Have traded thru the new long entry of 2.14, so a new long entry at 2.14 on the small pull-back Friday. Trade pressures are rising and are neutral. Volumes are bullish.

The next target up is 2.26.

A close below 2.07 is the stop.

[4-19-16: Raise stops to the entry price, 2.14]

[4-21-16: raise stops to 2.19]

 

GOLD_ GCM16

Weekly – Still in the move up. Trade pressures are up but declining. Volumes are bullish.

Daily – Flat. Trade pressures are down. Volumes have turned to bearish.

Moving average is flat. 1253 seems to be a pivot point; could go either way from there.

 

SILVER_ SIK16

Weekly – Continuing last week’s move up. Trade pressures are up. Volumes are bullish. Silver and gold seem to be diverging?

Daily – Flat. Trade pressures are up and extended. Volumes are bullish.

Traded down and back up thru the March long entry price of 15.16. The first profit target price of 16.07 has been met. The next target up is 16.96.

A close below 15.74 would signal lower. Use that level as a stop.