COPPER_ HGU16 #copperfutures

Weekly – Resistance is holding. Trade pressures are down. Volumes are bearish.

Daily –  Flat. In the move down. Trade pressures are rising thru the neutral zone. Volumes are mixed, bearish to neutral.

The next target down remains 2.11.

Need a close above 2.19 to signal a new move up.

 

GOLD_ GCZ16 #goldfutures

Weekly – In the move up. Trade pressures are up but declining. Volumes are mixed neutral to bullish.

Daily – Long. The 1359 long entry was also a weekly upside target, so gold has not been able to break out. Trade pressures are stuck in the neutral zone. Volumes are mixed bullish to bearish, but very low.

The next target up is 1427.

Stops remain at the 1318 low pivot.

The hourly is very oversold, so be alert for the breakout to the upside.

 

SILVER_ SIU16 #silverfutures

Weekly – Six weeks of consolidation. Trade pressures are up .but declining. Volumes are bearish.

Daily – Flat. Looking bearish. Trade pressures are down. Volumes have changed from bullish to bearish.

At the support line.