COPPER_ HGH17  #copperfutures

Weekly – Third week into the breakout to the upside. Trade pressures are up and starting to look extended. Volumes remain neutral.

Daily – Flat. After the pullback to a previous upside target of 2.48 price makes a new move up thru the long entry price of 2.59. Trade pressures are up but declining. Volumes are bullish and rising.

The next target up is 2.84. The spike high of 2.74 should offer resistance.

A close back below 2.61 should signal lower, so use this 2.61 as a Stop.

 

GOLD_ GCG17  #goldfutures

Weekly – Still in the move down to the weekly target of 1129. Trade pressures are still in the neutral zone and have turned down. Volumes remain bearish.

Daily – Flat. At the 1170 downside target. Trade pressures are down. Volumes are bearish.

The next target down is 1082.

A close above 1214 would signal higher.

 

SILVER_ SIH17  #silverfutures

Weekly – Looks to be headed into the 15’s. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. At the 16.50 downside target. Trade pressures are down and extended. Volumes have changed to bullish.

The next target down is 14.91.

A close above 17.59 would signal higher.