COPPER_ HGN16

Weekly – a break above 2.31 will change the direction of the weekly trend to up. Trade pressures are up. Volume has been bullish for three weeks in a row.

Daily – Flat. The long trade from 2.14 has been stopped out at 2.24 with a nice gain of $2500 per contract. Trade pressures are up but declining. Volumes are mixed neutral to bullish.

Expect resistance at the 2.30 target which is also the the weekly downtrend stop.

Hourly is over-bot.

 

GOLD_ GCM16

Weekly – In an uptrend. 1336 is the confirmation level of a new longer term upmove. Trade pressures are up but declining. Volumes have been bullish for many weeks.

Daily – Flat. But in a new upmove. 1266 was a new long entry trigger. Trade pressures are up. Volumes have changed from bearish to bullish in the last two days.

The Next target up is 1328.

Stops too far away at 1207.

 

SILVER_ SIM16

Weekly – At A weekly upside target of 18.12. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up. Trade pressures are extended up. Volumes have resumed their bullish mode after a four day pullback.

Reached the 17.30 target, had the expected consolidation and then moved up thru and to the 17.64 target.

The next target up is 18.85.

Stops at 16.33