COPPER_ HGU17  #copperfutures

Weekly – Remains in the uptrend. Trade pressures are up. Volumes remain bullish. Looking for a retest of the 2017 highs.

Daily – Flat. In a pullback after testing the first upside profit target. Trade pressures are up but declining to near the neutral zone. Volumes have turned bearish from bullish.

2.72 is the first profit target up. Price needs to close above this level.

A close below 2.63 would signal lower.

 

GOLD_ GCQ17  #goldfutures

Weekly – Continuing the pullback in the uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the second leg down from 1246.50. Trade pressures are down but showing some divergence. Volumes are bearish.

The next target down is 1202.

A close above 1225 would signal higher.

 

SILVER_ SIU17  #silverfutures

Weekly – The hard down move this week is still pointing to weekly targets below 14.00. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from 17.14. Trade pressures are down but showing divergences. Volumes are bearish.

The full move downside target is nearby at 15.14.

A close above 15.71 would signal higher.