Category: Metals

Metals

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COPPER_ HGH22

Weekly –  Remains in the long uptrend from June 2020. Trade pressures are up. Volumes are bullish.

Daily – Flat. Out at a loss. Can’t trade against the weekly trade pressures. Trade pressures are up. Volumes are bullish.

The next target up is 4.64.

A close below 4.42 would signal lower.

 

GOLD_ GCM22

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

Daily – Long. In the move up from the 1796 long entry of 12/17/21. Trade pressures are up but declining. Volumes are now neutral.

Need a touch of 1816 to reenter the long trade. The next target up is 1854.

A close below 1808 would signal lower. Use 1808 as the SL.

 

SILVER_ SIH22

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

Daily – Long. in the move up from the 22.43 long entry and the retracement at 23; the breakout and retracement to the downtrend resistance line. Trade pressures are up and trending. Volumes are bullish.

The next target up is 25.49.

A close below 24.19 would signal lower and act as the SL.

Metals

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COPPER_ HGH22

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

Daily – Short. In the new move down from the 4.42 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 4.24.

A close back above 4.47 would signal higher.

 

GOLD_ GCM22

Weekly – In the June 2021 downtrend. Trade pressures are in the neutral zone. Volumes are now neutral.

Daily – Flat. In the move up from the 1796 log entry. Trade pressures are up but declining. Volumes are bullish.

The next target up is 1835. Need a cycle lower to below 1800 to re-enter the long trade.

A close below 1821 would signal lower.

 

SILVER_ SIH22

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

Daily – Long, from a second leg up from the 22.43 long entry. Trade pressures are up but declining. Volumes are bullish.

The next target up is 23.45.

A close below 22.59 would signal lower. Use as SL.

Metals

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COPPER_ HGH22

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

Daily – Flat. In the move yup from the 4.33 entry level. Trade pressures are down but rising. Volumes are now neutral.

The next target up is 4.54.

A close below 4.35 would signal lower. SL is 4.35.

 

GOLD_ GCM22

Weekly – In the June 2021 Downtrend. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. In the move up from the Dec 22nd entry at 1796; but stopped out at the 1810 SL. Trade pressures are down. Volumes are bearish.

The next target up is a move up thru the long entry with a bullish reversal of the trade pressures.

A close below 1777 would signal lower.

 

SILVER_ SIH22

Weekly – In the Aug 2021 downtrend. Trade pressures are up. Volumes are again neutral.

Daily – Flat. In the move up from the 22.43 long entry. Trade pressures are bullish. Volumes are now bullish.

The next target up is the 23.45 level.

A close below 21.82 would signal lower and is the SL.

Metals

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COPPER_ HGH22

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

Daily – Long. In the new move up from the 4.32 level. Trade pressures are down into the neutral zone.

The next target up is 4.54.

A close below the 4.35 level would signal lower.

[1-6-22: stopped out at 4.35.]

 

GOLD_ GCM22

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

Daily – Long. In the move up from the 1796 long entry on Dec 22nd. Trade pressures are up into the neutral zone. Volumes are bullish.

The next target up is 1835.

A close below 1815 would signal lower.

[1-6-22: Stopped out at the open,  1810 SL. Look for re-entry at the 1760 level.]

 

SILVER_ SIH22

Weekly – In the August 2021 downtrend. Trade pressures are up inot the neutral zone. Volumes are now neutral.

Daily – Flat. In the move up from the 22.43 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 23.45.

A close below 23.02 would signal lower.

Metals

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COPPER_ HGH22

Weekly – Continues in the July 2020 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 4.60 short entry in October 2021. Trade pressures are up. Volumes are now neutral.

The next target down is 3.91.

A close above 4.32 would signal higher.

 

GOLD_ GCM22

Weekly –  In the June 2021 downtrend. Trade pressures are down but rising. Volumes are bullish.

Daily – Flat. The 1765 support level has held. Trade pressures are up. Volumes are bullish.

The next target down is 1701.13.

A retracement has begun with gold breaking above 1793 and the 200 day MA. the new uptrend is above 1818,

 

SILVER_ SIH22

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

Daily – Flat. Testing the new long entry. Trade pressures are up. Volumes are now bullish.

The next long entry is 22.43.

[12-21-21: Long at 22.43. SL at 21.93.] [12-21-21:raise the SL to breakeven, 22.43.]

A close below 21.93 would signal lower.

[12-22-21: Raise SL to 22.60.] [Profit target is 23.00]

[12-27-21: Sold long at 23.00 limit.]

Metals

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

Daily – Flat. The 4.40 new long entry was touched then a pullback from there. Trade pressures are down. Volumes are bullish.

A bullish reversal in the trade pressures could move up thru 4.40 and start the new move up. The next target up is 4.62.

A close below 4.20 would signal lower.

 

GOLD_ GCM22

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

Daily – Flat. After a brief foray above the downward channel, now back into the channel. Trade pressures are up but stalling.

The next target up is the new long entry at 1795 and the 200 day MA.

A close below 1766 signals lower to the 1694 target.

 

SILVER_ SIH22

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

Daily – Flat. At the 21.74 downside target. Trade pressures are down but rising. Volumes are bearish.

The next target down is 20.84.

A close above 22.78 would signal higher.

Metals

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COPPER_ HGH22

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

Daily – Flat. Still in the trend down. Trade pressures are down but rising. Volumes are bearish.

Need a close above 4.40 to restart a move up.

A close below4.20 would signal lower.

 

GOLD_ GCM22

Weekly – The June ’22 contract is in the June 2021 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 1864 short entry. Trade pressures are down but rising. Volumes are now neutral.

The next target down is 1701.13.

A close above 1795.65 would signal higher.

 

SILVER_ SIH22

Weekly – Remains in the August 2021 Downtrend. Trade pressures are down. Volumes are bearish.

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

The next target down is 21.74.

A close above 22.64. would signal a retracement up.

Metals

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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

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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

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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.