CRUDE_ a sideways move, in a channel between 99.17 and 89.70.
momentum is down and the next target down is 86.30.
a move up thru 93.23 would start a retracement up to 95.35.
NAT GAS_ in the long trade to 4.38.
a
move down thru 3.96 would start a retracement to 3.59.
COPPER_ last weeks break of 3.37 could be a wash and rinse of the shorts.
the next target down is 3.32, then 3.23.
weekly pressures are down but extended. the Daily pressures are showing divergences.
a move up thru 3.39 would signal a new move up.
GOLD_ is still in the down trend both weekly and Daily. the daily trade is down to 1523.
the weekly pressures are down and the daily is turning up,
so expect a short move up towards the long entry price of 1597.
SILVER_ in the same position as gold.
the next target down is 26.08.
a move up thru 27.25 should start a retracement to 29.40.
Monthly and Weekly –
new upside targets 1600-1605
with the old high of 1514 acting as support.
pressures remain up and trending.
the time target is 4/26 for a change in direction.
Daily-
at the 1567 target. next target up is 1623.
the time cycles are turning down.
trade pressures remain up but very extended.
last weeks low would be necessary support.
a move down thru 1538 would signal lower to 1489
USD_ at the upside target of 83.42. next target up is 84.72.
the trade pressures are down. time pressures are up for another 10 days.
30YR T-BONDS_ weekly and daily pressures are up. the next target up is 145.50.
looking for a short opportunity. may have to wait for a stock market pullback.
CRUDE_ has made a move up inside the longer term move down. the next target down is 88.30
at the short term upside target of 97.49. need to trade above the 98.87 pivot to continue the move up to 102.65.
But appears to be overbought and ready to resume the move down.
need a move down thru 94.86 to restart the down move.
NAT GAS_ nice clean trade up to the 4.00 target. consolidating here.
trade pressures are mixed to overbought, so expect some small retracement.
COPPER_ at the 3.376 target, near the end of the move down.
the longer term downside target is 3.25.
need a move up thru 3.42 to start a retracement up to 3.57.
the new time pressures should turn up soon. the trade pressures are down but showing some divergence.
GOLD_ has been grinding down to the long term target of 1523.
a retracement move took price to the 1614 long entry where resistance was enough to cause another pullback.
If this pullback can hold at the 1556 lows then a 2nd move up thru the 1614 long entry could generate a move to 1706.
weekly pressures are still down, so expect any move up to be muted. [the quarterly indicators have turned down also. Be Careful!]
the daily trade pressures are showing oversold, so any move up could be supported. will watch the dollar to see where the funds are flowing.
SILVER_ cannot be sanguine about silver after this failure to hold the 27.70 level. 26.20 is the next target down, then the pivot low of 26.03. must hold.
a move up thru 27.90 is required to get any traction on the upside/
like gold the trade pressures are over sold.
S&P_
monthly targets are holding as resistance in this 1517-1526 area. next monthly target up is 1701.
the weekly target up is 1553.
the weekly short entry price of 1485 has been touched, but did not hold. still, be alert.
the daily trade is down from the 1499 short entry level.
a move back above the 1530 highs will invalidate this move, but for now it is active.
the next target down is 1451.
time pressures are up. daily trade pressures are up inside the longer downward trade pressures.
[some indication of distribution]
USD_ the long term trade pressures are up. the move up last week thru 81.04 started a new leg up.
the daily trade is up from 79.67 long entry in December. should pause now at the 81.71 – 82.12 targets.
the next target up is 83.43.
a move down thru 81.38 could test the 80.33 target, but would not interrupt the longer term move up.
30YR T-BONDS_ June contract now.
the trade is down but the downward channel has been broken to the upside. resistance is 145-18.
need to pay attention as the flow of funds may be changing. watch for equity market changes?
the daily trade is up from the long entry of 142-07 and has met the first target of 144-23.
the next target up is 147-08.
a trade below 142-21 could restart the move down to 140-03.
CRUDE_ in the longer move up to 107, but experiencing a correction within that move.
time pressures are up. trade pressures are down, but the next move seems to be up.
the daily trade is down to 88.30.
need a move up thru 95.13 to restart the move up.
NAT GAS_ has been consolidating at the 3.17 lows. trading pressures indicate a move up is near.
the daily trade is down to 3.124.
but a trade up thru 3.48 [right here] should restart a move up to 3.68 target.
COPPER_ trading in a range between 3.25 and 4.00.
time pressures are up and trading pressures are down but over sold.
the trade is down to 3.52. be ready for a move up to 3.6 which is the new long entry price.
should act as temporary resistance then perhaps the second time thru will give us a move to test the 4.00 upper channel level.
GOLD_ has multiple targets at the 1444-1496 range. these should act both as attractors and support.
Time pressures are up trade pressures are down.
the Daily trade is still down. the short move up has tested the new long entry met resistance and is pulling back.
the next target down is 1523.
need a move above 1613 to get long.
SILVER_ has broken down. Time pressures are neutral to down. Trade pressures are down hard.
the daily trade is down and the next target is 27.77.
need a trade above last weeks high to get long.