COPPER_ HGN16

Weekly – In a retracement move up off the 2.02 lows. Trade pressures are down but rising. Volumes remain neutral.

Daily – Flat. In the move up from the 2.09 long entry. Trade pressures are rising thru neutral. Volumes have turned to bullish.

Still in a down trend. The next target up is 2.15. Took at small profit as the hourly became very overbot after the announcement of the drop in US job creation numbers. Will look for another opportunity to get long.

The stops remain at the 2.03 low pivot.

 

GOLD_ GCQ16

Weekly – Still in the 2016 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Also in the move down. Trade pressures are down but rising. Volumes have changed to bullish from bearish.

A new long entry was triggered with a move thru the 1226 level. This occurred very quickly. The next target up is 1250.

Stops at the 1201 low pivot.

 

SILVER_ SIN16

Weekly – In a move down within the the uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. The 15.83 low was shy of the 15.29 target. Trade pressures are down but rising. Volumes have changed from bearish to bullish.

The next target down is still 15.29.

16.91 is the next long entry level.