Metals

COPPER_ HGHN17  #copperfutures

Weekly – Momentum has flattened out. Trade pressures are up. Volumes are bullish.

Daily – Flat. The long trade was stopped out. Trade pressures are down. Volumes are now bearish.

The long entry at 2.56 is still active. Need reconfirmation from volume.

2.47 would be the stop.

 

GOLD_ GCQ17  #goldfutures

Weekly – In the move down. Trade pressures are down. Volumes are mixed bearish to neutral.

Daily – Short. In the trade down from 1279. Trade pressures are down. Volumes are bearish.

The next target down is 1247.50. Take the profit here.

The stop is the entry price of 1279.

 

SILVER_ SIQ17  #silverfutures

Weekly – In the move down./ Treade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 17.17 short entry price. Trade pressures are down. Volumes are bearish.

The next target down is 16.09.