COPPER_ HGH17  #copperfutures

Weekly – In the move up from the election day rally; consolidating between the 2.40 and 2.70 bounds. Trade pressures are up but declining. Volumes are neutral.

Daily – Flat. In the retracement down from the double top at 2.75. Trade pressures are down but rising. Volumes are mixed, bearish to neutral.

The next target down is 2.39.

Need a close above 2.60 to restart the move up.

 

Gold_ GCG17  #goldfutures

Weekly – Remains in the downtrend. Trade pressures are down but rising. Volumes have changed from bearish to neutral.

The next target down is 1082.

Daily – Long. The 1165 trade was triggered on the 4th of January. Trade pressure are up. Volumes are bullish.

The next target up is 1233. This is a long trade inside the weekly downtrend, so take profits at the this first target.

Stops are now at the 1165 entry level.

 

SILVER_ SIH17  #silverfutures

Weekly – Remains in the downtrend. Trade pressures are down but rising. Volumes are bearish. The next weekly target down is 14.91

Daily – Flat. Still in the down move. Trade pressures are up. Volumes are bullish.

A close above 16.93 would signal higher.