Author: Charlie

Oil & Gas

CRUDE_
geopolitics versus European recession?

the weekly pressures are down and the volume has move from down to neutral.
In the move down to retest the Jan’14 low of 85.07.

the daily trade is down, the next target down is 90.87.
the trade pressures are up. vol pressures are down to neutral.

a move up thru the long entry of 97.13 is required to start a new move up.

NAT GAS_
weekly trade pressures are down but vol has turned to bullish.
still in the move down to the next target of 3.41.

the daily trade is down to the next target of 3.47.

need a trade thru 4.50 to start a new move up.

Metals

COPPER_
The FXI China 25 has been rallying, but no corresponding move in copper.
weekly trade pressures are up and volume pressures are down.

Daily trade pressures are down. volume pressures are down also.
the move up from Mar ’14 was completed at the 3.28 target in June.
Now in the retracement move down from 3.20 with a 3.00 target.

need a move up thru 3.21 to restart a new up-move.

GOLD_
No response to the geopolitical unrest around the world. All the metals have a similar sideways-to-down pattern.
the Weekly trade pressures are down; the vol pressures remain down.
the weekly 1142 target down remains in place.

Daily trade pressures are down and volume pressures are down.
the next target down is 1153.

need a trade above the 1346 pivot to move this metal.

SILVER_
Oscillating between the 18.35 low and the 21.03 long entry.
Weekly Trade pressures are down and vol is down and very light.
the next target down is 16.26.

the daily trade is down with all pressures down. the next down target is 18.45.

need a move above 19.73 to start some thing long.

S&P Futures

Monthly_
trade pressures are up. volume is bullish.
the next target up is 2212.

Weekly_
Trade pressures are neutral. volume is bullish.
the next target up is 2103.

Daily_
Trade pressures are up. volume is bullish.
the next target up is 2007.

a move below 1969 could signal lower.

US $$

USD (DX)_
Weekly trade pressures are up. the volume remains bullish.
the next target up is 83.05.

the Daily trade is long from 79.63. the next target is 82.90
Daily volume is bullish.

the dollar activity has brought the Euro down from 1.40 to 1.3243. the euro is at its downside target.
so, expect some consolidation in the dollar. this should translate to sluggish-to-down for US stocks.

30YR T-Bonds_
The weekly target of 144-31 remains in place. trade pressures are up and volume is bullish.

after reaching the 141-20 target, the daily trade is short from 140-13. Trade pressures are down, but volume remains bullish
watch for the volume to change.

Oil & Gas

CRUDE_
All pressures on both weekly and daily time frames remain down.

the weekly target down is 85.07.  the daily is at the 93.05 target and is showing some consolidation here.

intraday is trying to start a rally up. need a close above 97.14 to confirm a rally.

Nat Gas_
weekly in the move down from the spike high of 5.710.  3.36 is the next target down.
weekly pressures are down. volume is bearish.

the daily trade is also down the next target down is 3.44.
trade pressures are up. volume is mixed.

need a trade above 4.50 to confirm a rally.

Metals

COPPER_
weekly experiencing a pull back from the down-sloping trend line.
trade pressures are up. volume pressures are down.

Daily trade is up from 3.16. next target is 3.25.
trade pressures are up with buying volume.

Often thought to be a “China” trade, it is interesting that corn futures are also rising after a long move down.

GOLD_
remains in the two cycles, the long cycle which projects down to 1142 and the short cycle which is long from 1287.

the weekly pressures and volume remain bearish.
The Daily pressures and volume are down.

the Ukrainian rebels are removing Russian leaders and replacing them with pro Russian Ukrainians.  Leaving them to face the retribution?

SILVER_
weekly trade pressures are up. Volume is very low but bearish.

Daily trade pressures are down.  volume is bearish.
the next target down is 18.44.

need a move up thru 19.90 to create a new long entry.

S&P Futures

Monthly_ the upside target remains 2193.  Trade pressures over-bot.

WEEKLY_ Upside target is 2118.  Trade pressures down but beginning to be oversold.
the 1916 short entry has been touched, but price has not closed below 1916.

The Daily trade is short from 1958 with targets of 1914 and 1871. currently consolidating around the 1914 target.
Trade pressures have bottomed and are turning up. Volume is up the prior day.

need a close up above the 1933 long entry to turn this trade up.
this would be a new move up to 2004.

US $$

USD (DX)_
Weekly trade and volume pressures remain up.
the weekly trade is at the 81.51 target.

The daily trade is at the 81.71 target.
Trade pressures are up. Volume pressures have turned down in the last two days.

the next target up is 83.05.

30yr TBonds_
The weekly has traded thru the 137-06 target and is now moving to the 144-31 target.
Trade pressures and volume pressures remain up.

The daily trade is up but consolidating at the 139-22 target.
the trade pressures are up. the volume pressures are down for these last two days.

a move down thru 138-28 could start a new move down.

 

 

 

Oil & Gas

CRUDE_
Weekly Trade pressures remain up but over bot and volume has been down for two weeks.

The Daily Trade is still down from 101.98. the next target is 95.69.
Trade pressures  are down and volume pressure is down.

a move above 100.75 with up volume would restart the move up.

NAT GAS_
Weekly down move now at target. Trade and volume pressures are down.

The Daily Trade is still down with the next target at 3.43.
However, the trade and volume pressures have turned up.

a trade above 4.06 would start a new long trade.

Metals

COPPER_
Weekly Trade Pressures are up. the volume pressures have been down these last four days suggesting distribution.
Weekly must break above the resisting trendline.

Daily Trade pressures have just turned up.  need a break above 3.22 then next target up is 3.35.

a move down thru this 3.3.15 level put the 2.97 target in play.

GOLD_
Is in a longer term downtrend to 1142; but in the retracement trade up to test the 1434 pivot.
Weekly trade pressures are down but last weeks volume is in accumulation.

the Daily trade is down from 1311. Volume is down and trade pressures are up.
the next target is down is 1253.

if up volume begins the trade would retrace to 1347 to test the prior pivot.

use that pivot as a short stop.

SILVER_
Weekly sideways channel continues. the selling pressures are over sold.

The Daily retracement short trade has reached the 19.75 downside target.
Daily pressures are down and volume pressures are also down.
intraday is showing upward pressures.

a trade thru 20.47 could start a new new move up. multiple targets at 21.50-21.60 levels.