Metals

COPPER_ HGZ16

Weekly – still in uptrend, but turning down into support. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the move down from the 2.20 short entry. Trade pressures are down. Volumes are bearish.

Near term support at 2,06. Need a close above 2.14 to signal higher.

 

GOLD_ GCZ16

Weekly – Still in the uptrend. Trade pressures have declined into the neutral zone. Volumes have changed from bullish to bearish.

Daily – Long. The trade entry of 1359 has been followed by vigorous selling. Trade pressures are down and selling volume came in mid week. Volumes are bearish.

Very near the 1318 stop loss.

 

SILVER_ SIZ16

Weekly – Still in the uptrend. Trade  pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. In the move down from the 20.75 level. Trade pressures are down. Volumes remain down.

the next target down is 17.42.