COPPER_ HGZ16 #copperfutures

Weekly – Remains in the downtrend. Trade pressures are oversold. Volumes remain bearish.

Daily – Flat. Still in the move down from the 2.20 short entry. Trade pressures are down but rising. Volumes are bullish.

Next target down is 1.99.

A close above 2.13 would signal higher.

[9-14-16: New 2.13 long entry price. Next target up is 2.23]

 

GOLD_ GCZ16  #goldfutures

Weekly – Still consolidating below the 1366 upside target. Trade pressures are down. Volumes remain bearish.

Daily – Flat. Still in the downtrend and consolidating around the 1307 downside target.. Trade pressures have turned up. Volumes are mixed bullish to neutral.

The next target down is 1266.

A new long entry was triggered at 1347, but the trade pressures were not confirming.

A second leg up thru the 1347 could be a new long entry.

 

SILVER_ SIZ16  #silverfutures

Weekly – Remains in the uptrend. Trade pressures are in the neutral zone and rising. Volumes remain bearish.

Daily – Flat. Moved into a new uptrend. Trade pressures tried to move up but are back into the neutral zone. Volumes are mixed bullish to neutral.

Hourly trading is oversold. The next target down is 17.71

A close back above 19.72 could signal higher.