COPPER_ HGH17  #copperfutures

Weekly – In a pullback from the weekly breakout at the election. Trade pressures are up but declining. Volumes are down and neutral.

Daily – Flat. In the move down from the short entry at 2.62. Trade pressures are down. Volumes are bearish.

The next target down is 2.41.

A close above 2.61 would signal higher.

 

GOLD_ GCG17  #goldfutures

Weekly – The retest of the 1129 downside target was successful. Trade pressures are down. Volumes are bearish.

Daily – Flat. The year end move up off the weekly target has approached the new long entry price of 1165. Trade pressures are up into the neutral zone. Volumes have changed to bullish.

The next target up is 1233.

If the long entry triggers, set the stop to 1124.

 

SILVER_ SIH17  #silverfutures

Weekly – Remains in the downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. After consolidation at the 15,67 level, some accumulation seems evident. Trade pressures are down but rising. Volumes are now bullish.

The next target down remains at 14.91.

Some divergence is showing between the trade pressures and price. A close above 16.93 would signal higher.