COPPER_ HGN17  #copperfutrures

Weekly – Consolidating around the 2.60 level. Trade pressures are rising into the neutral zone. Volumes are neutral.

Daily – Flat. In the move up from the 2.56 entry level, but still in the  downtrend. Trade pressures are down. Volumes are mixed, neutral to bullish.

The next target up is 2.70.

The downtrend resistance level is 2.61.

[6-6-17: a close below 2.51 would signal lower.]

 

GOLD_ GCN17  #goldfutures

Weekly – The mid May retracement down to the 25×5 moving average has seen the successful test of support. Trade pressures are up. Volumes are neutral to bullish.

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

At the next target up of 1275, then a test of the recent high pivot at 1300.

[6-6-17: the next profit target up is 1317.]

A close below 1272 would signal lower.

 

SILVER_ SIN17  #silverfutures

Weekly – Rallying in the downtrend. Trade pressures are up. Volumes have been neutral.

Daily – Long. In the move up from the 1672 long entry level. Trade pressures are up. Volumes have been bullish.

The next profit target up is 17.78.   [6-617: take profits at this target.]

Stops are raised to the next short entry level of 17.00.  [6-6-617: raise stops to the prior profit target of 17.19.]