COPPER_ HCH17  #copperfutures

Weekly – Remains in the uptrend. Trade pressures are up. Volumes are bullish.

Daily –  Short. The 2.62 short entry was triggered at 2.62 on the 13th. Trade pressures are down. Volumes are bearish.

The next target down is 2 . 41.

Set stops at 2.68.

[update 12-20-16: lower stops to the short entry price of 2.62.]

 

GOLD_ GCG17  #goldfutures

Weekly – Gold has met the 1129 weekly downside target. Trend is down. Trade pressures remain down. Volumes are also bearish.

Daily – Flat. Dropped thru the 1170 target signaling lower. Trade pressures are down and trending. Volumes are mixed bullish to bearish.

The next target down is 1082.

A close above 1165 would signal higher.

 

SILVER_ SIH17  #silverfutures

Weekly – Trend is down. Trade pressures are down.  Volumes are bearish.

Daily – Flat. Trend is down. Trade pressures are have moved down into the neutral zone. Volumes are mixed bullish to bearish and finishing the week as neutral.

The next target down is 14.91.

A close above 17.18 would signal higher. [Update 12-20-16: a close above 16.93 would signal higher.]