COPPER_ HGZ16  #copperfutures

Weekly –  Having a pause in this sharp move up. Trade pressures are extended up. Volumes have changed to neutral from bullish.

Daily – Flat. Consolidating at the 2.48 upside target after the election spike to 2.73. Trade pressures are up but turning down. Volumes are neutral to bullish.

the next target down is 2.39.

Need a close above 2.58 to start a new move up.

 

GOLD_ GCZ16  #goldfutures

Weekly – In the downtrend started in early October. Trade pressures are up into the neutral zone. Volumes have changed to bearish.

Daily – Flat. In the move down from the 1278 short entry. Trade pressures are down. Volumes remain bearish.

The next target down is 1176.

A close above 1242 would signal higher.

 

SILVER_ SIZ16  #silverfutures

Weekly – Last week broke down thru the uptrend support line. Trade pressures  are in the neutral zone. Volumes are still bearish.

Daily – Flat. A new downtrend has been estaablished. Trade pressures are down and extended.  Volumes are bearish.

Now at the 16.40 downside target. The next target down is 1560.

A close above 17.69 could signal higher.