COPPER_ HGK17  #copperfutures

Weekly – Another test of the resistance at 2.69. Trade pressures are down. Volumes have changed from bullish to bearish.

Daily – Flat. In the downward sloping channel. Trade pressures are down into the neutral zone. Volumes are bullish.

The next level down is 2.55.

A close above the 2.71 would signal higher.

 

GOLD_ GCM17  #goldfutures

Weekly – Another test of the upside resistance. Trade pressures are up. Volumes have changed from neutral to bullish.

Daily – Flat. In a move up from the 1229 long entry level. Trade pressures are up but turning down. Volumes are bearish.

The  US Navy tomahawk attack on the Syrian runways caused a one day run up in gold that was quickly given back after the Syrian jets began taking off from those same runways.

The next target up is 1202.

A close below 1229 would signal lower.

 

SILVER_ SIK17  #silverfutures

Weekly – In the uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the uptrend and in a move up from 17.48. Trade pressures are up and extended. Volumes have changed to bearish.

The 18.49 high was very near the first upside target of 18.55. This move appears to be extended and ripe for a pullback.

A close below 17.38 would signal lower.