Author: Charlie

Metals

Platinum_ April futures
Long term move up to 2018 from 1748 still intact. the long term selling pressures appear to be almost complete.

Daily –  completed the down move to 1685.20 then entered this move up from 1717 to 1803, but the trade pressures are turning down.
a move down thru 1716 would start a move down to 1640

Palladium_ very similar patterns to platinum. the longer move down seems to be near an end.
need a trade above 799 to get the long term move up restarted.

Daily – in a correction up of the larger move down. next target up is 800.
a trade below  717.65 would start a new move down to 585.
the trade pressures are extended up and time pressures are about to turn down.

S&P Futures

the move up on the daily cycle is happening within the longer term down move to 1208.
the long term time pressures are down thru May 20th. the long term selling pressures are still intact.

The shorter daily cycle is in the uptrade from 1285 to 1329.
a trade below 1289 would start a new move down.
daily trade pressures are up. time pressures are up.

 

Crude Oil

traded to a high of 106.69 short of our 107.29 target, but stopped at the old target of 106.66.
time pressures neutral to down and trade pressures are overbot.

a trade down thru 104.00 would start the move down to 100 and then to 95.96.

Metals

COPPER _ now in the move up after the trade thru 4.38 to 4.71.

long term trade pressures are up.
short term trade pressures are over bot. the downward time pressures end april 1st.
a trade down thru 4.30 will start a correction down.

GOLD_ in the trade up from 1378 to 1477, but today formed a double top and an outside day indicating a possible reversal down.
trade pressures are down both long term and short term. time pressures are down thru April 8th.

the intraday trade down thru 1435 set the down target of 1388.

SILVER_ still in the trade up to 39.75. a trade down thru 36.90 would start a correction down to 35.10.
trade pressures are overbot and time pressures are down til April 12th.

Currencies

everyone is absolutely positive the dollar is going lower; and the next target down is 73.59.

But the indicators are diverging from price, and the precious metals made a high and closed lower today.
the new long entry would be a close above 77.08.

>>>>>>>>>>>>>>>>

the 30YR bond is turning down with the next target down at 119 30/32.
the indicators are oversold. the move up would be signaled by a trade thru 120 14/32.

S&P Futures

the move up on the daily cycle is happening within the longer term down move to 1208.
the long term time pressures are down thru May 20th. the long term selling pressures are still intact.

The shorter daily cycle is in the uptrade from 1285 to 1329.
a trade below 1289 would start a new move down.
daily trade pressures are up. time pressures are up.

S&P Futures

the weekly time pressures are up, trade pressures are down.
in the down move to 1208.

the daily is also in the down move to 1211.

this short term move  up from 1285 to 1329 is a correction in the move down.
trade pressures are up. time pressures are up.

US$ (DX)

in the trade down to 74.53.
trade pressures are fully oversold. time pressures are up.
but price does not respond.

a trade above 77.28 is required to start a move up.

Crude Oil

Long term trade pressures are turning down, while short term trade pressures are up.
the short term move down met the 98.11 target.
the new long entry was triggered with the trade up thru 102.46. the next target is 107.05.

a trade down thru 101.75 will signal a move down to the recent lows.

Metals

Copper remains in the downtrend to 3.69.
trade pressures are turning up. time pressures turn up April 1st.
a trade back thru 4.38 should set up the next long trade.

Gold – is still in the down move to 1315, but a trade thru the previous highs would void that move down.
long term trade pressures are down. short term trade pressures are up. so be careful when the short term turns down again.
time pressures are up and will turn down 3/24.

Silver – still in the upmove to 40.16.
needs to take out the 36.74 high to get to the next target of 39.75.
a trade below 35.59 would be the alert for a continued move down to 31.77.