Category: Metals

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ20

Weekly – In the move up. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up. Trade pressures are are down but rising. Volumes are bullish.

The next target up is 3.08.

A close below 2,86 would signal lower.

 

GOLD_ GCZ20

Weekly – A bullish close after five weeks of down to neutral. Trade pressures are up but showing a reversal. Volumes are bullish.

Dai;ly – Flat. Moving sideways. Trade pressures are up but reversing. Volumes are neutral.

The next target down is the prior low at 1874.

A close above 2004 would signal higher.

 

SILVER_ SIZ20

Weekly – Similar position as the gold. Trade pressures are up. Volumes are neutral.

Daily – Flat. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 25.90.

A close above 27.82 would signal higher.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ20

Weekly – In the up trend. Trade pressures are up but showing divergence. Volumes are bullish.

Daily – Flat. In the move up. Trade pressures are down but rising. Volumes are bullish.

The next target up is the prior high of  3.09.

A close below 2.86 would signal lower.

 

GOLD_ GCZ20

Weekly – Remains in the uptrend. Trade pressures are up but showing divergence. Volumes are neutral.

Daily – In the move down from the 2025 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 1891.

A close above 2012 is the next long entry.

 

SILVER_ SIZ20

Weekly – Remains in the up trend . Trade pressures are up. Volumes are neutral.

Daily – Flat. In the move down from the 27.98 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 24.92.

A close above 27.82 would signal a new long entry.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ20

Weekly – In the uptrend, but trade pressures are diverging. Volumes are bullish.

Daily – Flat. Last week attempted to move lower but the 25×5 MA held as support. Trade pressures are up. Volumes are bullish.

The next target up is the prior highs 3.05.

A close below 2.29 would signal lower.

 

GOLD_ GCZ20

Weekly – Uptrend is intact. Trade pressures are up but reversing. Volumes are neutral.

Daily – Flat. In the move down from the 2025 short entry. Trade pressures are up. Volumes are bullish.

Back testing the break of the 25×5 MA. The next target down is 1835.

A close above 2012 would signal a new move up.

 

SILVER_ SIZ20

Weekly – In consolidation after the 4 weeks of run-up. Trade pressures are up but diverging. Volumes are neutral.

Daily – Flat. In the move down. Trade pressures are up. Volumes are bullish.

The next target down is 21.74.

Consolidation above the 25×5 MA. A close above the nearby 27.82 level would signal a new move up.

Metals

#copperfutures #goldfutures #silverfutures

Weekly – In the uptrend. Trade pressures are up but reversing. Volumes are bearish.

Daily – Flat. Consolidating at the 2.99 target. Trade pressures are now down. Volumes are neutral.

The next target up is 3.02., the prior high.

A close below 2.80 would signal. lower.

 

GOLD_ GCZ20

Weekly – Consolidating after two weeks down. Trade pressures are up but reversing.. Volumes are neutral.

Daily – Flat. Still in the move down after a back test. Trade pressures are down. Volumes are neutral.

In the second leg down from the 1873 short entry. The next target down is 1891.

A close above 2012 would signal higher.

 

SILVER_ SIU20

Weekly – $8 dollar rally! But now in a retracement. Trade pressures are up. Volumes are now neutral.

Daily – Flat.  In the move down after a retracement. Trade pressures are down. Volumes are bearish.

The next target down is 22.50.

A close above 27.85 would signal a new move up.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU20

Weekly – In the uptrend. Trade pressures are up but reversing. Volumes are now bullish.

Daily – Flat. Closed on the day’s highs. Trade pressures are down.  Volumes are bearish.

The next target down is the new short entry at 2.76.

A close above 2.89 would signal higher.

 

GOLD_ GCZ20

Weekly – 2nd week down. Trade pressures are up but reversing. Volumes are bearish.

Daily – Flat. In the move down from the 2025 short entry and stopped out at the 1967 stop. Trade pressures are down but reversing. Volumes are neutral.

The next target down is 1835. The move down tested the 1910 uptrend resistance line but closed back above that resistance.

A close above 1982 would signal higher.

 

SILVER_ SIU20

Weekly – Almost a doji here at the highs. Trade pressures are up. Volumes are neutral.

Daily – Flat. The retracement went down to the July 31 breakout, then turned back up. Trade pressures are down but reversing to the upside. Volumes are neutral.

The next target down is 22.55.

A close above 27.80 would signal a new move up.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGHU20

Weekly – Four weeks of bearish volume. Trade pressures are up but reversing. Volumes are bearish.

Daily – Flat. Made it to the 2.99 target then reversed with the NQ’s. Trade pressures are down hard. Volumes are bearish.

The next target down is the new short entry at 2.76.

A close above the 2.89 level would signal a new move up.

 

GOLD_ GCZ20

Weekly – Spiked to a new high. Trade pressures are up. Volumes are bearish with the Friday reversal.

Daily – Short. In the new move down. Trade pressures are up but reversing. Volumes are bearish.

The next target down is 1982.

Still below the inflation-adjusted all time highs. A close back above today’s high of 2089 would be required to renew the move up.

Set the stop at the 2089 high.

[8-11-20: Lower stops to 1967.]

[8-13-20: Stopped out at the 1967 stop level.]

 

SILVER_ SIU20

Weekly – Three rocket weeks up. Trade pressures are up. Volumes are bullish.

Daily – Flat. In a retracement down started  at 28.17. Trade pressures are up. Volumes are bearish.

The next target down is 26.23.

A close above the prior highs would restart the move up.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU20

Weekly – In a retracement down after the four week move up. Trade pressures are up but reversing. Volumes are bearish.

Daily – Flat. Moving with the equity markets. Trade pressures are dwon. Volumes are bearish.

The next target up is 2.99.

A close below 2.79 would signal lower.

 

GOLD_ GCZ20  (roll out to dec)

Weekly – Big rally these last two weeks. Trade pressures are up. Volumes are bullish.

Daily – Flat. Closing in on the 100 % target. Trade pressures are up but reversing. Volumes are now neutral.

The next target up is 2015.

A close below 1945 would signal lower.

 

SILVER_ SIU20

Weekly – Two weeks of a very large move up. Trade pressures are up. Volumes are very high, but bearish at the close of this week.

Daily – Flat. In the new move down from 24.43. Trade pressures are up but turning down. Volumes are neutral all week.

The next target down is 21.72.

A close above 25.10 would signal higher.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU20

Weekly – Pausing in the move up. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the move up from the 2.71 long entry. Trade pressures are down Volumes are bearish.

The next target down is 2.76, the new short entry.

A close back above 2.95 would restart the up trend.

 

GOLD_ GCQ20

Weekly – Big break to the upside. Trade pressures are up. Volumes are bullish.

Daily – Flat. Missed this one. Trade pressures are up and extended. Volumes are bullish.

The next target up is 2000.50.

A close below 1844 would signal a retracement down of this move up.

 

SILVER_ SIU20

Weekly – Big up week. Trade pressures are up. Volumes are bullish.

Daily – Flat. Three week rally tales price to new highs. Trade pressures are up. Volumes are now neutral, indicating some profit taking.

The next target up is 24.35.

A close below 21 .83 would signal a new short entry.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ GHU20

Weekly – Stalled with the equity markets. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the move up from the 2.72 long entry.

Trade pressures are down in to the neutral zone. Volumes are bullish.

The next target up is 3.00.

A close below 2.76 would signal lower.

 

GOLD_ GCQ20

Weekly – 2nd week of a new uptrend. trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up. At resistance. Trade pressures are down. Volumes are bearish.

The next target up is 1836.

A close below 1766 would signal lower.

 

SILVER_ SIU20

Weekly – Continues to rally. Trade pressures are up. Volumes are bullish.

Daily – Flat. Above the 19.50 target and in consolidation. Trade pressures are up but reversing. Volumes are bullish.

The next target up is 20.31.

A close below 18.03 would signal lower.

 

 

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU20

Weekly – Three weeks into the weekly uptrend. Trade pressures are up. Volumea are bullish.

Daily – Flat. In the move up off the 2.72 new long entry at 2.72. Trade pressures are up. Volu mes are bullish.

The next target up is 2.91.

A close below 2.70 would signal lower.

 

GOLD_ GCQ20

Weekly – Testing the weekly resistance lines at 1801. Trade pressures are up. Volumes are bullish.

Daily – Flat. Beginning a retracement. Trade pressures are up but reversing. Volumes are bearish to neutral.

The next target up is 1836.

A close below 1794 is the new short entry.

 

SILVER_ SIU20

Weekly – Remains in the uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Met the 161% upside target. Trade pressures are up. volumes are bullish.

The next target up is 19.50.

A close below 17.68 would signal lower.