Monthly Pressures are extended up.
weekly pressures are extended up and showing some negative divergences.
the Daily trade is up from the 1660 long entry.
the next target up is 1716 with expected resistance at the 1705 recent high.
daily pressures are up.
the next short entry is 1671.
[Sunday Nite 9/15 Update: December Futures up to 1703.
new short entry is 1684.
USD_ weekly pressures are down.
has traded up thru the 82.19 long entry price.
next target up is 83.85. long stop at 81.16
the next short entry is 82.04.
the proximity of both the long entry and the short entry suggests a fulcrum point at these levels.
[Update: the move down continues, the next target is 80.495.]
30yr T-Bonds_
the monthly pressures are down with a monthly target of 122-20.
weekly pressures are down hard with no indication of respite.
the long daily trade is very near the 128-15 stop.
the long entry remains 130-21.
CRUDE_
the Syrian spike up has evaporated and the trade inside the 102 to 109 channel has resumed.
seem to be headed back to the 102 side.
weekly pressures are toppy, ready to turn down.
NAT GAS_ has moved up thru the new long entry. the next target up is 3.92.
weekly pressures are about to turn up.
3.39 is the new short entry.
COPPER_ After reaching the upside target, the retracement has begun.
the short entry of 3.277 has started the trade down to 3.11.
upper time frame pressures are up.
GOLD_ the 1424 target has acted as resistance.
a new move down has begun with the trade thru 1377.
the next target down is 1286.
upper time frame pressures are up.
SILVER_ also has reached an upside target and has begun a new move down from 23.60 to 20.81
weekly pressures are up..
the monthly target of 1716 has provided resistance.
the weekly is testing the short entry of 1639.
weekly pressures are down.
the daily trade is at two targets, 1626 and 1624.
pressures are still down but the this support has held for 3 days.
a further break down takes price to the next target of 1596.
need a new move up thru 1660 to restart the move up.
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$$’s coming into the US dollar and the treasuries. the DJ Euro STOXX and the China 25 are in a sell off.
Transports are down but that move maybe finished.
Small caps look susceptible to another leg down.Dow 30 weak and still moving down to the 14667 target.
S&P 500 looks stronger than other markets but watch for a “wash and rinse’ of the stops below in the Tuesday morning trading.
USD_
weekly is still in the up-trade form 81.41, but has met the first target of 84.90
and is consolidating between the long entry price and the target.
the Daily trade is up from the long entry price of 81.78.
weekly pressures are neutral and the daily pressures have turned up.
30 year T-Bonds_
the US has reached the weekly downside target of 129-13.
the daily long entry price of 130-21 has been met. the next target up is 134-05.
stop at 128-15.
CRUDE_ spiked up thru the 2011 68% retracement resistance and failed, washing out many buy stops.
weekly pressures are up but extended.
Daily pressures show negative divergence. a move down is indicated.
the daily trade is at the 109.43 target. the next target up is 115.75.
a move down thru 105 could signal lower; but volatility is high, so must wait for
clearer signal.
NAT GAS_ the weekly pressures are extended on the downside and are showing divergence.
the daily pressures are up.
Both the weekly and the daily have moved thru their respective log entries.
3.92 is the next target up. stops at 3.15.
COPPER_ weekly pressures are up, Daily pressures turning down.
the 3.37 upside target has produced resistance.
the daily trade down thru the short entry activated the 3.11 target.
GOLD_ weekly pressures are up, daily pressures are over-bot.
daily MACD is approaching a bearish crossover
the next target up 1542. 1377 is the short entry price.
SILVER_ weekly pressures are up. Daily pressures are turning down.
the weekly target is met and is providing resistance. the next target up is 27.40.
Daily price has turned bearish. the short entry price is 23.60.
Monthly – the next target up is 1716.
Weekly – the 1709 high seem to be in place.
a move down thru 1639 is the weekly short entry with a target of 1532.
trade pressures are down.
the Daily trade is down with the next target of 1626 and then 1609.
trade pressures are oversold, so a bounce to upside is likely.
a trade above 1667 would setup a test of the highs and a trade of 1725.
but the longer term downward trade pressures would seem to limit any real upside.
USD_ the DX has reached the downside target of 80.67.
the next target down is 78.04.
a trade up thru 81.97 is required to start a new move up.
30 yr T-Bond_ has reached the weekly target of 130-30,
a break down of the 130-03 support level would activate the 122-14 target.
a trade above 134-22 would trigger a new move up.
trade pressures are oversold.