Category: Metals

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH22

Weekly – Remains in the June 2020 uptrend. Trade pressures are still down. Volumes are bearish.

Daily – Flat. In the  move down with the C19 reemergence sell off. Trade pressures are down. Volumes are bearish.

The next long re-entry is 4.39.

A close below 4.19 would signal lower.

 

GOLD_ GCM22

Weekly – Remains in the June 2021 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 1854 short entry. Trade pressures are down but rising. Volumes are bearish.

The next target down is 1770.60.

A close above 1813 would signal higher.

 

SILVER_ SIH22

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

Daily – Flat. In the new move down from the 23.63 short entry. Trade pressures are down hard. Volumes are bearish.

The next target down is a test of the old support at 22.28.

A close above 23.54 would signal higher.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

Weekly – Remains in the June 2020 uptrend. Trade pressures are down. Volumes are bullish.

Daily – Long. In the move down from the 4.59 short entry. Trade pressures are now up. Volumes are now bullish.

The close above 4.39 4.38 is a new long entry. The next target up is the 25×5 MA at 4.44.

A close below the Thursday low of 4.18 would signal lower. Set stops at 4.18.

[11-22-21: long at 4.38. SL at 4.32.]

[11-23-21: Raise stops to breakeven at 4.38.]

[11-24-21: Take profits at 4.49.]

 

GOLD_ GCZ21

Weekly – Pulling back after the breakout last week. Trade pressures are up. Volumes are bullish.

Daily – Short. In the longer move up, but the close below 1850 signals a pullback to the 1807  level. Trade pressures are down. Volumes are bearish.

The next target down is 1821. Set the SL at 1875.

A close above 1875 signals higher.

[11-22-21: Short at 1838. SL at breakeven. Take profits at the 1807 target.] [The 1807 profit target is met Monday noon.]

 

SILVER_ SIZ21

Weekly – A rally inside the August 2021 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Higher highs and lower lows. Trade pressures are down. Volumes are bearish.

The next target down is 23.59, which is also a support level. (look for a new long entry in the 24.50 – 23.50 area.)

A close back above 25.19 would confirm any move higher.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

Weekly – In the June 2020 uptrend. Trade pressures are down but rising. Volumes are now bullish.

Daily – Long. In the new move up from the 4.45 long entry. Trade pressures are up. Volumes are bullish.

[Trade entered 11/14 Sunday session.] The next target up is 4.63.

A close below 4.32 would signal lower. Stop loss at 4.33.

[11-16-21: When you’re wrong, it is quick. Stopped out for a $3k loss.]

 

GOLD_ GCZ21

Weekly – In the May 2021 up trend. Trade pressures are up. Volumes are bullish.

Daily – Long. In the new long from the 1796 200 day MA break. Trade pressures are up and trending. Volumes are bullish.

The next target up is 1880.

A close below 1857 would signal lower.

 

SILVER_ SIZ21

Weekly – In the August down trend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Sold out of the long trade at the 200 day MA resistance at 25.30. Trade pressures are up. Volumes are bullish.

The next target up is 26.50.

A close below 25.00 would signal lower.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

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

Daily – Flat. Stopped out at the 4.33 break. Trade pressures are down. volumes are bearish.

The next target down is 4.27; at the 200 day MA.

A close above 4.47 is need to signal long again.

 

GOLD_ GCZ21

Weekly – In the May 2021 uptrend. Trade pressures are up. Volumes are bullish. The 1727 resistance has held for 5 months.

Daily – Long. Traded above the 200 day at 1796. Trade pressures are up. Volumes are bullish.

The  next target up is 1819. The close above 1810 has triggered the long. Look for a back-test near the 200 day MA at 1796 to enter.

A close below the 25×5 is the stop at 1781.

 

SILVER_ SIZ21

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

Daily – Long. The prior trade was stopped out at 23.38.  Trade pressures are up. Volumes are bullish.

Now a new long entry at 23.92. The next target up is 24.80.

A close below the 25×5 MA at 23.564 is the stop and would signal lower.

[11-07-21: Sun nite session. Raise the stop to the breakeven at 23.92.]

[11-12-21: At the 200 day MA resistance. Sell at 25.30.]

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

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

Daily – Long, in the move up from the 4.27 entry on 10/11. Trade pressures are down. Volumes are bearish.

The next target down is the 200 day MA at 4.25.  Set the stop at Fridays low of 4.33.

A close above 4.52 would signal higher.

 

GOLD_ GCZ21

Weekly – In the May 2021 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Had the close above 1800 but immediately reversed. Trade pressures are down. Volumes are bearish.

The next target down is the 1771 25×5 MA.

A close above 1810 is now the breakout trade trigger.

 

SILVER_ SIZ21

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

Daily – Long. In the move up from the 23.38 trigger on 10-18. Trade pressures are down. Volumes are bearish.

The next target down is 23.13.  Set the stop at the breakeven , 23.38.

Need a close above 24.42 to get the second leg up started.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

Weekly – Retracing the last week’s rally. Trade pressures are up. Volumes are bearish.

Daily – Long. Up from the breakout at 4.27 on 10/11. Trade pressures are now down. Volumes are bearish.

The next target up is the prior high at 4.82. Need a break above the 25×5 at 4.65 to confirm.

A close below the 25×5 at 4.34 would signal lower.

 

GOLD_ GCZ21

Weekly – In the move down from the 10-12 high. Trade pressures are up. Volumes are bullish.

Daily – Flat. The weekly moves up all have been retraced. Trade pressures are up. Volumes are bearish.

The next target down is 1765 ay the 25×5 MA. Use that as the stop.

A close above 1800 would signal higher.

 

SILVER_ SIZ21

Weekly – In the side ways move for more than one year. Trade pressures are now up. Volumes are bullish.

Daily – Long. In the move from the 23.38 on 10-18. Trade pressures are up. Volumes are bearish.

The next target up is 24.57.

A close below 24.00 would signal lower.

Use 22.90 as the stop.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

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

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

Need a close above the 25×5 at 4.27 to signal higher – very close.

The next target down is a break down below the 200 day MA at 4.18.

 

GOLD_ GCZ21

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

Daily – Flat. The long trade was stopped out for a loss. Trade pressures are up. Volumes are bearish.

The next long entry will be signaled by a close above the 25×5 MA at 1771.

A close below 1763 would signal lower.

 

SILVER_ SIZ21

Weekly – In the August 2021 downtrend. Trade pressures are down. Volumes are neutral.

Daily – Flat. In the move down and now conbsolidating at the 22.31 downside target. Trade pressues are up. volumes are bearish.

Need a close above the 25×5 MA at 23.01 to get long.

A close blow 22.33 would signal lower.

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

Weekly – In the June 2020 uptrend and testing support. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the retracement move down. Trade pressures are down, but rising. Volumes are now neutral.

Moving up off the 4.03 support line. The next target down is that 4.03.

A close above 4.19, the 25×5 MA would signal higher.

 

GOLD_ GCZ21

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

Daily – Long. In a retracement trade up from 1760 within the daily move down. Trade pressures are up. Volumes are bullish.

The next target up is 1786.

A close below 1735 would signal lower and also be the stop.

[10-04-21: long at 1758.] [Set stop at 1755.]

[10-05-21: Stopped out. Look to reenter 1740 or below.]

 

SILVER_ SIZ21

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

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

In consolidation around the 22.05 support line. The next target up is the new long entry at 22.68.

A close below 21.41 would signal lower and be a stop for any long entry.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

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

Daily – Flat. In the bull channel moving down from May. Trade pressures are up. Volumes are bullish.

The next target up is 4.68.

A close below the channel at 3.97 would signal lower.

 

GOLD_ GCZ21

Weekly – In the may 2021 up trend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 1779 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 1714.

A close above 1792 would signal higher.

 

SILVER_ SIZ21

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

Daily – Flat. The 22.54 long entry was stopped out at a breakeven. Trade pressures are up into the neutral zone.

The next target down is the 22.02 low pivot.

A close above 22.54 would signal a new move up.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

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

Daily – Flat. In the new uptrend from the Sept 10th breakout. Trade pressures are down. Volumes are bearish.

The next target up is 4.68, the new long entry.

A close below the 200 day MA would signal lower.

 

GOLD_ GCZ21

Weekly – Testing the support of the May 2021 uptrend. Trade pressures are down. Volumes are bearing.

Daily – Flat. Stopped the out of the long trade at 1788. In the new move down from the 1779 entry. Trade pressures are down. volumes are bearish.

The next target down is 1714.

A close above 1785 would resume the move up.

 

SILVER_ SIZ21

Weekly – In the new downtrend from Aug 13th. Trade pressures are rising into the neutral zone. Volumes are bearish.

Daily – Flat. Sitting on the support line at 22.33. Trade pressures are down. Volumes are bearish.

A close above 22.82 would signal a new move up.

A close below the support line signals more downside.

[09-21-21: Long. at 2.54]

[09-22-21: Raise stop to breakeven @ 2,54.]

[09-23: stopped out for a breakeven.]