COPPER_ HGH18  #coppperfutures

Weekly – In a retracement down off the 3.25 level. Trade pressures are up, but turning down. Volumes remain neutral.

Daily – Flat. The holiday volatility caused the short trade to be stopped out at the break-even level. Trade pressures continue down. Volumes are bearish.

The short trade could have been re-entered. the next target down is 3.11.

A close above 3.28 would signal higher.

 

GOLD_ GCG18  #goldfutures

Weekly – Testing resistance at the 1346 level. Trade pressures are up. Volumes are bullish.

Daily – Flat. In consolidation at the 1332 level. Trade pressures are up but turning down. Volumes are still bullish.

The next target up is 1390.

A close below 1314 would signal lower.

 

SILVER_ SIH18  #silverfutures

Weekly – A double bottom; but now at the top of the channel. Trade pressures are up. Volumes have changed from bullish to bearish.

Daily – Flat. Wide ranging bar almost touching the 17.49 level. Trade pressures are up but have turned down. Volumes have changed from bullish to neutral.

The next target up is 17.49.

A close below 16.81 would signal lower.