COPPER_ HGN17  #copperfutures

Weekly – Entered a rally last week but was not sustained. Trade pressures are down but rising. Volumes are now neutral.

Daily – Flat. The long trade from 2 .56 was quickly stopped out for a break-even. Trade pressures are up but rolling over. Volumes have changed from bullish to neutral.

Need a close above 2 .61 to change to a new uptrend.

Look for a move down below the 25×5 moving average and the back up thru the 2.56 long entry.

 

GOLD_ GCQ17  #goldfutures

Weekly – Remains in the uptrend. Trade pressures are rising thru the neutral zone. Volumes have changed from bullish to neutral.

Daily – Flat. In the up move from 1241. Trade pressures are up. Volume are bullish.

The next target up is 1279.

A close below 1253 would signal lower.

 

SILVER_ SIN17  #silverfutures

Weekly – The rally has risen to test the 25×5 resistance. Trade pressures have risen into the neutral zone. Volumes remain neutral.

Daily – Long. The trade is long from 16.72. Trade pressures are up. Volumes are bullish.

The next target is 17.78

A close below 16.80 would signal lower. Raise stops to 16.80.