Category: Metals

Metals

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COPPER_ HGN22

Weekly – In a new downtrend from Mat 2022. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 4.72 short entry on April 19th. Trade pressure are dwomn but rising. Volumes are bearish.

The next target down is 3.95.

A close above 4.26 would signal higher..

 

GOLD_ GCM22

Weekly – In the May 2021 weekly uptrend and at support. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 1958 short entry on 4/20. Trade pressures are down. Voumes are bearish.

The next target  down is 1781.

A close above 1825 would signal a new move up.

 

SILVER_ SIN22

Weekly – As with gold, silver in a new downtrend as May 2022. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 25.72 short entry on April 19. Trade pressures are down. Volumes are bearish.

The next target down is 19.07.

Need a close above the 21.50 former support line to start a new move up.

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COPPER_ HGN22

Weekly – IN the June 2020 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 4.74 level. Trade pressures are down but rising. Volumes are bearish.

The next target down is 3.96.

A close above 4.43 would signal higher.

 

GOLD_ GCM22

Weekly – In the May 2021 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Still in the move down from the 1958 short entry of 4/19. Trade pressures are just now up. Volumes are bearish.

The next target down is, first, the prior low at 1849, then the 1812, the 100% target.

A close above 1892 would signal higher.

 

SILVER_ SIN22

Weekly – In the March 2022 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 25.72 short entry on 4/19. Trade pressures are dwon. Volumes are bearish.

The next target down is 21.50 support level.

A close above 22.22 would signal higher, especially if the 21.50 support holds.

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COPPER_ HGN22

Weekly – Still in the June 2020 up trend, but hard down this past week. Trade pressures are down. Volumes are bearish.

Daily  – Flat. The break down of the the 4.74 short entry set the 4.31 downside target. Trade pressures are down. Volu es are bearish.

The next target down is 4.31.

A close above 4.42 would signal a retracement up of the move down.

 

GOLD_GCM22

Weekly – In the February 2022 Uptrend. Trade pressures are down Volumes are bearish.

Daily – Flat. In the move down from the April 29th short entry at 1958. Trade pressures are down but rising into the neutral zone. Volumes are now neutral.

The next target down is 1814.

A close above 1940 would signal higher.

 

SILVER_ SIN22

Weekly – In the March 2022 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the  move down from the March 9th short entry at 26.51. Trade pressures are down. Volumes are bearish.

The next target down is prior low of 21.50.

A close above the 24.13 would signal higher.

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COPPER_ HGN22

Weekly – In the July 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Short. In the new move down from the 4.72 short entry on 4/7. Trade pressures are are rising into the neutral zone. Volumes are bearish.

The next target down is 4.57, which is the low end of the risk range. Take profits there.

A close above 4.76 would signal higher.

This trade is a speculative trade against the weekly trade pressures; so tight stops , use 4.76 as the SL.

[4-41-22: Lower the stop to 4.72, the breakeven.]

[4-12-22: Stopped out at breakeven.]

 

GOLD_ GCM22

Weekly – In the May 2021 uptrend. Trade pressures are down into the neutral zone. Volumes are bullish.

Daily – Flat. Still showing lower highs. Trade pressures are up and extended. Volumes are bullish.

The next target down is 1879.

A close above the 1972 prior high would signal higher.

[4-12-22: Long at 1972. Set SL at 1938.]

[4-13-22: Raise stops to breakeven, 1972] [ noon, now at high end of the range. raise stops to 1981.]

 

SILVER_ SIK22

Weekly – In the March 2022 uptrend. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the move down from 26.46 on 3/9. Trade pressures are up. Volumes remain neutral.

The next target down is 23.37.

A close above 25.47 would signal a new move up.

[4-12-22: Long at 25.47. Set the SL at 25.02.]

[4-13-22: Raise stops to breakeven, 25.47.]

[4-14-22: stopped out at a breakeven.]

Metals

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COPPER_ HGN22

Weekly – In the June 2020 uptrend. Trade pressures are up. Volumes are neutral.

Daily – Flat. In a tight congestion area. Trade pressures are down. Volumes are bearish.

The next target up is 4.92.

A close below 4.67 would signal lower. Then the next target down is 4.55.

 

GOLD_ GCM22

Weekly – In the may 2021 uptrend. Trade pressures are up but turning down. Volumes are neutral.

Daily – Flat. In consolidation, looking for the next leg down. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 1874.

A close above 1936 would signal higher.

 

SILVER_ SIK22

Weekly – In the March 2022 uptrend. Trade pressures are down into the neutral zone. Volumes are also neutral.

Daily – Flat. In the move down from the 26.46 level. Trade pressures are down. Volumes are bearish.

The next target down is 23.375.

A close above25.47 would signal higher.

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COPPER_ HGN22

Weekly – In the June 2020 uptrend. Trade pressures are up. Volumes are neutral.

Daily – Flat. Out of the long trade at 4.75. Trade pressures are now down. Volumes are neutral.

The next target up is 4.92.

A close below 4.68 would signal lower.

 

GOLD_ GCM22

Weekly – In the Feb 2022 uptrend. Trade pressures are up but turning down. Volumes are now neutral.

Daily – Flat. In the retracement move up after the sell-off from2082. Trade pressures are up. Volumes are bullish.

The next target down is 1879.

The next target up is the new long entry at 1977.

 

SILVER_ SIK22

Weekly – In the March 2022 uptrend. Trade pressures are up but turning down. Volumes are now neutral.

Daily – Flat. Also in the retracement up after the sell-off from 27.49. Trade pressures are up. Volumes are bullish.

The next target down is the prior pivot at 24.55.

A close above 25.97 would signal a new long trade.

 

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COPPER_ HGN22

Weekly – Remains in the June 2020 uptrend. Trade pressures are up. Volumes are neutral.

Daily – Long in the new move up from the 4.68 trigger on 3/17. Trade pressures are up. Volumes are bulish.

The next target up is 4.92.

A close below 4.63 would signal lower; using that as the SL.

[3-24-22: Raise the stop to 4.75, the low of the morning.]

 

GOLD_ GCM22

Weekly – In the Feb 2022 uptrend. Trade pressures are up but declining. Volumes are bearish.

Daily – Flat. Near the end of the move down from 2050. Trade pressures are up into the neutral zone. Volumes are bearish.

The next target down is 1879.

A close above 1977 would signal a new move up.

 

SILVER_ SIK22

Weekly – In the March 2022 uptrend. Trade pressures are up but declining. Volumes are neutral.

Daily – In the move down from the 26.48 short entry. Trade pressures are now up. Volumes are bearish.

The next target down is 23.37.

The next target up is the new long entry at 25.97.

 

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COPPER_ HGH22/HGN22

Weekly – In the June 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Long in the move up from the Feb 8th long entry. Trade pressures are up. Volumes are low, need to roll the contract.

Sell HGH22 at the Monday open.

HGN22 now at 4.91 target.

A close below 4.83 would signal lower.

 

GOLD_ GCM22

Weekly –  In the new Feb 2022 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the March 1st new long entry at 1930.82. Trade pressures are up. Volumes are bullish.

The spike high and the short retracement was all in the single wide range bar on Feb 24th. since then the move up has resumed. The next target up is the prior high at 1979.

A close below 1943 would signal lower.

 

SILVER_ SIK22

Weekly – In the new uptrend from the first week in March. Trade pressures are up. Volumes are bullish.

Daily – Long, in the new move up from the Feb 28th break above 24.58. Trade pressures are up. Volumes are bullish.

The next target up is 27.97. Waiting for a back test to the 24.35 support level to go long.

A close below 24.96 would signal lower.

So, confusing, I know.

 

Metals

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COPPER_ HGH22

Weekly – Remains in the June 2020 uptrend. Trade pressures are in the neutral zone. Volumes are neutral.

Daily – Long  In the move up from the Jan 8th entry at 4.40. Trade pressures are down. Volumes are bearish.

The next target up is 4.64.

A close below 4.40 would signal lower. Use 4.40 as the SL.

 

GOLD_ GCM22

Weekly – The Ukraine attack by Russia spike gold to a 1976 high followed by an equally dramatic selloff. Trade pressures are up. Volumes are now bearish.

Daily – Flat. Stopped out at the low end of the range at 1879. Trade pressures are up but declining. Volumes are now neutral.

The next target down is 1847.

A close above 1911 would signal higher.

 

SILVER_ SIH22

Weekly – In the August 2021 downtrend. Trade pressures are up. Volumes are now bearish.

Daily – Short.  No position. Trade pressures are down into the neutral zone. Volumes are now neutral.

The next target down is 23.64.

Need a close back above 24.41 to get the long move going again.

Metals

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COPPER_ HGH22

Weekly – Remains in the long uptrend from June 2020. Trade pressures are in the neutral zone. Volumes are neutral.

Daily – Long. In the move up from 4.40 on 2.8. Trade pressures are down. Volumes are bullish.

The next target up is 4.65.

A close below 4.40 would signal lower. Set 4.40 as the SL.

 

GOLD_ GCM22

Weekly – In the new uptrend from the prior week. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up from the 1807 long entry. Trade pressures are up and trending. Volumes are bullish.

The next target up is 1929.10.

A close below 1878 would signal lower. Set 1878 as the SL.

 

SILVER_ SIH22

Weekly – In the August 2021 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up from the 22.72 long entry. Trade pressures are up. Volumes are bullish.

Missed the 22.70 entry as the 2/15 pullback didn’t follow thru. The next target up is 24.45.

A close below 23.46 would signal lower. Use 23.46 as the SL.