COPPER_ HGZ16  #copperfutures

Weekly – Still in downtrend. Trade pressures have continued down. Volumes have changed from neutral to bearish.

Daily – Flat. Trade pressures have turned down, still in the neutral zone. Volumes turned bearish at the end of the week.

Now below the 25×5 MA. the next target down is 2.08.

Need a close above 2.16 to consider a new long.

 

GOLD_ GCZ16  #goldfutures

Weekly – In the new downtrend. Trade pressures are down. Volume has changed from bearish to neutral.

Below the 25×5 MA.

Daily – Flat. Trade pressures are down. Volumes remain bearish.

Price is on the May-July median line at 1255. The next target down is 1229. The overextended trade pressures suggest a retracement move up before continuing lower.

 

SILVER_ SIZ16  #silver futures

Weekly – Testing the uptrend support line. Trade pressures are down. Volume has changed from bearish to neutral.

Daily – Flat. At the 17.37 downside target and experiencing some consolidation. Trade pressures are extended down. volumes remain bearish.

Need a close above the 25×5 MA to consider a new long.