COPPER_ HGU17  #copperfutures

Weekly – At the weekly upside target of 2.89. Trade pressures are up. Volumes remain bullish.

The next weekly target up is 3.54.

Daily – Flat. In consolidation after the move up off the 2.72 level. Trade pressures are up. Volumes are mixed neutral to bullish.

The next target up is 3.00.

A close below 2.82 would signal lower.

 

GOLD_ GCQ17  #goldfutures

Weekly – In a narrow downward sloping channel. Trade pressures are up and extended. Volumes remain bullish.

Daily – Long. In the move up from the 1225 level. Trade pressures are up but starting a decline. Volumes have changed from bullish to bearish.

The next target up is 1304.

A close below 1257 would signal lower.

Contract expiration. Sell on the open. [8-7-17: sold for a gain]

 

SILVER_ SIU17  #silverfutures

Weekly – Remains in the downtrend. Trade pressures are neutral. Volumes are also neutral.

Daily –  Short. The 16.83 level has acted as resistance. Trade pressures are up but declining. Volumes are now bearish.

The 16.33 level has triggered a new short. The next target down is 15.31.

Set the stop at 16.96.

[8-10-17: The 16.96 stop was triggered for a loss.]