COPPER_ HGZ17  #copperfutures

Weekly – The second move up was stopped at the 3.23 upside target up. Trade pressures are up. Volumes Have changed to bearish from bullish.

Daily – Flat. The long trade was stopped out at the 3.17 stop for a nice gain. Trade pressures are up and extended. Volumes are neutral to bearish.

The next target up is 3.68.

Now consolidating at the 3.23 target. Expect some retracement.

A close below 3.15 would signal lower.

 

GOLD_ GCZ17  #goldfutures

Weekly – Back down to the 25×5 moving average. Trade pressures are down but rising. Volumes are now bearish.

Daily – Flat. The attempt at a long trade was quickly stopped out. Trade pressures are down but rising. Volumes are now bearish.

The next target down is 1248.

A close above 1298 would signal a new move up.

 

SILVER_ SIZ17  #silverfutures

Weekly – Sitting on the the long entry price, but no momentum. Trade pressures are up. Volumes are neutral.

Daily – Flat. The first long entry attempt was stopped out. Trade pressures are down. Volumes are now bearish.

The long trade entry of 17.06 is still active but will need a change in volumes.