COPPER_ HGH17  #copperfutures

Weekly – The late 2016 highs are acting as resistance. Trade pressures are up but are showing some divergence. Volumes are bullish.

Daily – Long. In the long trade from 2.61. Trade pressures are up but turning down. Volumes have changed from neutral to bullish.

The next target up is 2.77 with resistance at 2.75.

Set stops at 2.47.

[1-24-17 Update: raise stops to 2.59.]

 

GOLD_ GCG17  #goldfutures

Weekly – In a rally inside the downtrend. Trade pressures have risen into the neutral zone. Volume remain bullish.

Daily – Long. In this long trade from the 1165 level. Trade pressures are up and trending. Volumes remain bullish.

The next target up is 1233. Take profits at this 1233 level as the weekly remains in the downtrend and the daily trade pressures are fully extended.

A close below 1174 would signal lower. Stops have been raised to the 1174 level.

[1-25-17 Update: raise the stops to 1195.]

 

SILVER_ SIH17  #silverfutures

Weekly – Also rallying in a downtrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. At the long entry of 16.99. Trade pressures are up but turning down. Volumes are bullish.

The next target up is 17.45.

Stops are at the 16.47 25×5 moving average.

No trade , No momentum.