COPPER_ HGH17  #copperfutures

Weekly – Back at the top of the 2.70 channel with a breakout of the down-sloping trend line. Trade pressures are up but declining. Volumes have changed to bullish.

Daily – Flat. The 2.60 long entry has been triggered. Trade pressures are up. Volumes are bullish.

Wait for some price improvement to get long. The next target up is 2.85. The old high of 2.74 will act as resistance.

Set stops at 2.45.

A close below 2.45 would also signal lower.

 

GOLD_ GCG17  #goldfutures

Weekly – Still in the retracement move up from the 1132 low. Trade pressures are down but rising. Volumes have changed from neutral to bullish.

The 1082 downside target is still active.

Daily – Long. In the move up from the 1165 long entry. Trade pressures are up and getting extended. Volumes are still bullish.

The next target up is 1233.

Stops remain at the entry price of 1165.

[1-19-17 Update: Raise sell stops to 1174.]

 

SILVER_ SIH17  #silverfutures

Weekly – The retracement up has taken price up to the MACD crossover. Trade pressures are riding and in the neutral zone. Volumes have changed to bullish.

Daily – Flat. Price is pressing up against the long entry level of 16.93. Trade pressures are up. Volumes remain bullish.

The next target up is 18.93,

The stop would be 15.67.