Category: Metals

Metals

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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

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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

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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

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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

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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

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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

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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.]

Metals

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COPPER_ HGZ21

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

Daily – Flat. In the bull flag since May 2021. Trade pressures are up. Volumes are bullish.

In the move up from the 4.31 long entry. The next target up is 4.48 which should be resistance,

A close below 4.41 would signal lower.

 

GOLD_ GCZ21

Weekly – In the long downtrend from the August 2020 highs. Trade pressures are down into the neutral zone. Volumes are neutral.

Daily – Long. In the move up from the 1738 entry level. Trade pressures are down but reversing. Volumes are bearish.

The next trade up is the 1836 prior high. Need a trade above the 1866 resistance to get a new move going.

A close below 1788 would signal lower. Use that as the stop.

[9-13-21: Touched stop and turned higher, still long.]

[9-14-21: second trip down thru 1788. stopped out.]

 

SILVER_ SIZ21

Weekly – New downtrend started August 13th. Trade pressures are down but rising into the neutral zone. Volumes are still bearish.

Daily – Long. Waiting for a pullback to enter. Trade pressures are down. Volumes are bearish.

Enter the long below 23.00.

A close blow 22.34 will break strong support. use that as stop.

Metals

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COPPER_ HGZ21

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

Daily – Flat. Rising off the 200 day MA. Trade pressures are in the neutral zone. Volumes are neutral.

The next target up is 4.68 which would trigger a new move up.

Support is at the 4.09, the 200 day MA.

 

GOLD_ GCZ21

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

Daily – Long. In the move up from the 1738 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 1918.

Look for a backtest of the Friday breakout. A close below 1779 would signal a retracement lower.

Metals

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COPPER_ HGZ21

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

Daily – Long. In the move up from the 4.19 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 4.43.

The weekly trade pressures are down, so keep tight stops. Set the stop now at the breakeven of 4.19.

 

GOLD_ GCZ21

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

Daily – Long. In the move up from the 1738 long entry. Trade pressures are up. volumes are bullish.

The next target up is both the 200 day MA and the 1826 upside target.

Expect resistance. A close below 1764 would signal a retracement.

 

SILVER_ SIZ21

Weekly – In the new downtrend from 8/13. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move up from the 23.63 long entry trigger. Trade pressures are up. Volumes are bullish.

Since the weekly is still down, wait for a pullback to 22.90 to enter. The next target up is 24.90.

A close below 22.34 would signal lower and is now the stop.