COPPER_ HGK17  #copperfutures

Weekly – In the uptrend. Trade pressures are up but showing lower highs. Volumes have changed from bearish to neutral. The next weekly target up is 2.86.

Daily – Flat. In a retracement within the move up from 2.62. Trade pressures are down into the the neutral zone. Volumes are neutral.

The next longer cycle target up is 2.86.

A close below the 2.62 level would signal lower. The next retracement target down is 2.53.

 

GOLD_ GCJ17  #goldfutures

Weekly – With the close above 1258, the weekly has entered a new uptrend. Trade pressures are up, but rolling over. Volumes have changed to bearish.

Daily – Flat. In the move up from 1168 and in a pull back after reaching the weekly resistance. Trade pressures are down. Volumes are bearish.

The next target up is 1302.

A close below 1220 would signal a new short.  [3-7-17 now short at 1220.]

[3-8-17: set stop to the break-even @ 1220.]

 

SILVER_ SIK17  #silverfutures

Weekly – As with gold, the upper resistance has been reached and a new uptrend is indicated. Trade pressures are up but rolling over. Volumes have changed to bearish.

Daily – Short. A new short is indicated at 17.74. Trade pressures are down. Volumes have changed to neutral.

The first target down is 16.43.

Stops are 18.54.

[3-7-17 Update: Lower stops to the break-even @ 17.74.]