COPPER_ HGZ17  #copperfutures

Weekly – The 2.95 level continues to act as support. Trade pressures are up but down near the neutral zone. Volumes remain bearish. The next weekly target up is 3.20.

Daily – Flat. Testing the new long entry level at 3.05. Trade pressures are rising into the neutral zone. Volumes are now bullish.

The next target up is the old 3.17 pivot high.

A close below the 25×5 moving average would signal lower.

 

GOLD_ GCZ17  #goldfutures

Weekly – At the 25×5 support level, 1274. Trade pressures are down. Volumes remain bearish.

Daily – Flat. Took profit at the 1277 stop for a nice gain. Trade pressures are down and trending. volumes closed as bullish on Friday.

At the 1267 downside target. Expect consolidation and perhaps an upward retracement.

A close above 1298 would signal higher.

 

SILVER_ SIZ17  #silverfutures

Weekly – Has dropped down thru the 25×5 moving averages at 16.79. Trade pressures are down and oversold. Volumes are bearish.

Daily – Flat. The short trade was stopped pout at the 16.64 level. Trade pressures are down and trending. Volumes have changed to bullish.

The next target down is 15.62.

A close above 17.06 would signal higher.