COPPER_ HGU17  #copperfutures

Weekly – Remains in the uptrend and stuck at the weekly long entry level. Trade pressures are up and trending. Volumes are still bullish.

Daily – Flat. In consolidation at the 2.72 upside target. Trade pressures are in the neutral zone. Volumes have changed from bullish to neutral.

The next target up is the 2.72 target, then a test of the weekly highs at 2.88.

A close below 2.63 would signal lower.

 

GOLD_ GCQ17  #goldfutures

Weekly – Remains in the pullback inside the weekly uptrend. Trade pressures are down but looking extended. Volumes have changed from bearish to bullish.

Daily – Long. The 1225 long entry was triggered this last Friday. Trade pressures are down but rising. Volumes have changed from bearish to bullish.

The 1202 downside target was almost met with a 1204 low and then turned higher with 4 days of short covering and finally the bullish volume on Friday.

Stops will be the 1204 low pivot.

[7-17-17: Raise the stop to the 1225 entry price.]

 

SILVER_ SIU17  #silverfutures

Weekly – Still in the downtrend. Trade pressures are down. Volumes have changed from bearish to bullish.

Daily – Flat. There is a new long entry at 1580 but no volume confirmation. Trade pressures are down but rising. Volumes have changed from bearish to neutral.

Watch for volume confirmation for a long entry.

The next target up is 18.83.

A close below 15.14 would signal lower.