CRUDE_ in the long trade from the 89.66 price.
the next daily target up is 98.35. the weekly target is 98.66
a trade down thru 93.04 would signal lower.
NAT GAS_ at the first target up from the 3.28 long entry price.
the next target up is 3.925.
a move down thru 3.412 would signal lower.
COPPER_ the side ways movement over these last 26 weeks is now coming to a resolution.
the downward time pressures end on Feb 8. trade pressures have a slight upward bias.
the trade remains up from the 3.55 long entry. the next target up is 3.75 which has been tested once on Jan 2nd.
a breakout above that target would signal a move to 3.96.
a break down below 3.60 would signal lower.
GOLD_ in the longer term sideways movement between 1537 and 1804.
the recent trade up thru 1675 has triggered the long entry. the next target is 1753.
a move down thru 1667 would stop out the long trade and signal lower.
SILVER_ after reaching the downside target of 29.70 a retracement move up was triggered at 30.59.
the next target is 33.40.
a move back down thru the 29.70 target would signal lower to 27.77.
Monthly and Weekly remain in the uptrend. 1524 is the next target up.
time pressures remain down thru the end of March.
Daily has reached the first target of 1452 and has found support at that level.
The prior high of 1462 and the next target of 1464 are acting as resistance.
Time cycles are pointing down and the trade pressures are now fully extended up and diverging.
a move down thru 1441 would signal a move lower.
USD_ traded up to the 80.75 target , twice, and now is selling off.
78.93 is the next target down.
time pressures are down thru March 2013.
But trade pressures are oversold so, maybe stuck in the 79-81.6 channel.
30yr T-Bonds_ trade pressures are down. the next long cycle target down is 141-19.
the daily trade remains in the down move. currently consolidating at the 144-17 target.
the next target down is 143-01.
CRUDE_ crude is up from the 89.38 long entry. the nexy target up is 97.95.
time pressures are about to turn down and trade pressures are extended up.
a trade down thru 90.87 will signal a new move down.
NAT GAS_ trade pressures remain down with the next target down at 3.05.
a move up thru 3.28 will signal a new move up. the first target up is 3.60.
all commodities seem to track the China news cycle.
COPPER_ in the slow grind up from 3.54. the 3.75 target was reached then pulled back to the entry price once again.
Now in the second move up with a 3.96 target in place.
Long term time pressures are down til mid February. a trade below the long entry price would signal lower.
GOLD_ since reaching the downside target of 1632 on 12/21 and 1/4 the market has been directionless, consolidating.
the trade bias is up, but the first long signal failed and now a trade above 1674 would signal a new move up.
time pressures remain down into Feb.
SILVER_ time pressures turn up on the 15th of Jan. the trade is now long from 30.55 but significant resistance is at 31.23.
a very tight stop is warranted.
S&P_ New Years Eve 2012
Monthly trade pressures remain up, the time pressures are starting to turn down, now til 3-29.
Weekly is in the correction down, need a trade above 1432 to get back into the uptrend.
The Daily trade is touching the long entry price at 1409. the next target up is 1453.
[President Obama is about to speak – only one side speaking is negative, a joint press conference will be the one]
so a pull back and second time thru 1409 ought to prove up this up-move.
daily trade pressures are extended to the downside, setting up the possibility of a rally.
a failure below the 1383 lows would signal the next down target of 1367.
USD_ approaching the long entry price of 79.85.
trade pressures are already up so not likely a move past 80.75.
a failure to hold the 79.01 level will activate the 75.44 downside target.
30yr T-Bonds_ the move up thru 147-05 set the uptrend in motion. the next target up is 149-21.
selling off now with the Fiscal cliff talks maybe to be resolved.
a move below the 145-19 pivot would be bearish, and the 142-31 target would be back in play.
CRUDE_ the weekly is in the uptrend after meeting the 78.20 downside target, but is beginning to show some extended buying pressures.
the Daily is in the move up from 89.69 to the next target of 98.35.
the daily pressures are neutral and don’t give much indication of a follow thru move.
the new move down would be triggered by a trade below 87.68
NAT GAS_ under significant down-side pressure but the 3.29 low appears to be holding.
a trade back up thru the 3.65 level would signal a new move up to 4.65.
a break of the 3.26 level would test the 3.05 target.
COPPER_ trading pressures are up and time pressures are down.
This usually produces the sideways movement seen over this last quarter.
the weekly trade is up to 3.85. the daily is in a correction to 3.45.
no momentum to warrant a trade.
GOLD_ is in consolidation after the 1632 downside target was met.
waiting for new signal.
need 1685 to trigger the next move up to 1764.
a failure below the 1632 target would set up the next target down of 1565.
SILVER_ also consolidating at the 29.705 downside target.
the next signal up is a trade thru 30.49.
a failure to hold the 29.705 target sets up the 27.78 downside target.