Metals

COPPER_ HGZ17  #copperfutures

Weekly – Eight up weeks in a row. Trade pressures are up. Volumes remain bullish. The next weekly target up is 3.22.

Daily – Flat. In the move up from 2.68, Trade pressures are up but showing some divergence. Volumes are bullish.

The next level up is 3.23.

A close below 3.04 would signal lower.

 

GOLD_ GCZ17  #goldfutures

Weekly – A Breakout of the channel top at 1300. Trade pressures are up. Volumes are bullish.

Daily – Flat. Trade pressures are up but with lower highs. Volumes remain bullish.

The next target up is 1341.

A close 1290 would signal lower.

 

SILVER_ SIZ17  #silverfutures

Weekly – A two week rally in the downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from 16.61. Trade pressures are up but showing divergences. Volumes remain bullish.

The next target up is 17.99.

A close below 17.20 would signal lower.