COPPER_ HGZ17  #copperfutures

Weekly – Consolidating at the old 2.95 weekly upside target. Trade pressures are up but declining. Volumes are bearish.

Daily – Short. In the move down from the 3.08 short entry. Trade pressures are down hard. Volumes have changed from bearish to bullish.

The next targets down are 2.84 and 2.80. Take profits at the 2.84.

The stop is now the 2.99 pivot.

A close above 3.05 would signal higher.

[9-28-17 Update: Stopped out of the short trade at the 2.99 stop for a gain.]

 

GOLD_ GCZ17  #goldfutures

Weekly – Remains in the pullback. Trade pressures are down into the neutral zone. Volumes have changed from neutral to bearish.

Daily –  Short. In the move down from the 1318 level. Trade pressures are down. Volumes are bearish.

The next target down is 1267. Take profits at this level.

The stop is now at the 1318 entry price.

A close above 1327 would signal higher.

[9-28-17: lower the stop to 1316.]

 

SILVER_ SIZ17  #silverfutures

Weekly – At the weekly long entry of 16.99. Trade pressures are down. Volumes are now bearish.

Daily – Short. In the move down from the 17.66 level. Trade pressures are down. Volumes are bearish.

The next target down is 16.64. Take profits at this level.

The stop is now the 25×5 moving average resistance at 17.50.

A close above 17.58 would be the new long entry signal.

[9-28-17: Lower the stop to 17.30.]