COPPER_ HGN17  #copperfutures

Weekly – Testing the prior low. Trade pressures are down but turning up. Volumes remain bearish.

Daily – Flat. In the move down from the 2.66 short entry.  Trade pressures are down but tuning up. Volumes are bearish.

The next target down is 2.44.

A close above 2.56 could signal higher.

[5-19-17: New long entry at 2.56. Set the stop at 2.47]

 

GOLD_ GCM17  #goldfutures

Weekly – The rally off the 1136 downside target has stalled. Trade pressures are down. Volumes are bearish for two weeks.

Daily – Flat. In the move down from the 1279 short entry. Trade pressures are down and trending. Volumes remain bearish.

The next target down is 1183.

A close above 1237 is required to start a new move up.

 

SILVER_ SIN17  #silverfutures

Weekly – In the downtrend. Trade pressures are sown. Volumes remain bearish.

Daily – Flat. Bouncing off the 15.95 downside target. Trade pressures are down. Volumes remain bearish.

The next target down is the 15.95 level.

A close above 16.72 could signal a new move up.

[5-16-17: New long at 16.72. Stops at 16.06]