COPPER_ HGN17  #copperfutures

Weekly – Support held at the 25×5 moving average. Trade pressures are down but extended. Volumes remain bearish.

Daily – Long. New trade from the 2.59 entry. Trade pressure are up. Volumes are bullish.

The next target up is 2.72.

A close below 2.53 would signal lower. Use this as the stop.

[5-1-17: Raise stops to 2.61, the 25×5 moving average.]
[5-3-17: stopped out at the 2.61 stop level.]

 

GOLD_ GCM17  #goldfutures

Weekly – Gold has broken up and out of the trendline and is now pulling back for a retest. Trade pressures are up. Volumes have changed from bullish to neutral.

Daily – Flat. In the pullback from the 1297 high. Trade pressures are down. Volumes are bearish.

The next target up is 1305.

A close below 1254 would signal lower.

 

SILVER_ SIN17  #silverfutures

Weekly – Pulling back in the uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the retracement down from the 17.92 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 16.61.

A close above 17.52 would signal higher.