COPPER_ HGZ17  #copperfutures

Weekly – Consolidating at the 2.95 upside target level after a run to the 3.20 target. Trade pressures are up but declining into the neutral zone. Volumes remain bearish.

Daily – Flat. The 10 pt rally from the 2.89 level triggered the stop. Trade pressures are down but rising. Volumes are bullish.

In the move down from the 3.00 level. The next target down is 2.80.

A close above the 3.05 level would signal higher.

 

GOLD_ GCZ17  #goldfutures

Weekly – Three weeks into the pullback after the spring run-up. Trade pressures are down, Volumes are bearish.

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

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

The stop is now 1316.

[10-3-17: Lower stops to the hourly resistance at 1277.] [Stopped out at the new 1277 stop.]

 

SILVER_ SIZ17  #silverfutures

Weekly- Three weeks into the pullback. Trade pressures are down. Volumes are bearish.

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

The next target down is 16.64. The low for the week was 16.65. Take profits at this 16.64 target.

Lower the stop to 16.93.

A close above 17.37 would signal higher.

[Sunday evening 1-1-17: stopped out for a gain at 16.64]