COPPER_ HGZ16  #copperfutures

Weekly – Remains in the price channel started in April. Trade pressures are up but turning down. Volumes have changed to neutral.

Daily –  Flat. The long trade was stopped out. Trade pressures have risen into the neutral zone. Volumes are bullish.

The next long entry is 2.18. But need volume confirmation.

The hourly is showing downward pressures.

 

GOLD_ GCZ16   #goldfutures

Weekly – The 1368 upside target has proved to be resistance. Also corresponds to the late 2014 high pivots. Trade pressures are down. Volumes remain bearish.

Daily – Flat. The 1309 low was broken and has taken price down into the 1250’s. Trade pressures are extended down. Volumes are bearish.

The next target down is 1228.  Look for a bounce at this level.

 

SILVER_ SIZ16  #silverfutures

Weekly – Testing the support in the weekly uptrend. Trade pressures are down.Volumes are bearish.

Daily – Flat. Got the expected move down. Consolidating at the 17.37 downside target. Trade pressures are down. Volumes are bearish.

The next target down is 16.60.

Need a close above 18.37 to signal higher.