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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.

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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.

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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.

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COPPER_ HGU21

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

Daily – Flat. In the move down from the 4.53 break down. Trade pressures are down but rising. Volumes are bullish.

The next target down is 3.84.

A close above 4.19 and above the 245×5 MA would signal a retracement up.

 

GOLD_ GCZ21

Weekly – In the May 2021 uptrend and holding the 1655 support. Trade pressures are down but rising. Volumes are bullish.

Daily – Long. In the move up from the 1738 long entry. Trade pressures are down into the neutral zone. Volumes are now bullish.

The next target up is the 1798 resistance. The 200 day MA is at 1822.

A close below 1776 would signal lower.

 

SILVER_ SIU21

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

Daily – Long. In a pullback form the 23.57 long entry on 8/13. Trade pressures are down. Volumes are bearish.

The US Dollar is at resistance. Use this pullback to enter trade at 22.60.

This is a counter trend trade because the weekly is still showing downward trade pressures; the stop will be a tick below 2.00.

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COPPER_ HGU21

Weekly – In the June 2020 uptrend. Trade pressures are down into the neutral zone. volumes are neutral.

Daily – Flat. In the move up after the 7-26 new uptrend. Now testing  support at 4.20. Trade pressures are up. Volumes are bullish.

The next target up is 4.80.

A close below 4.08 would signal a new move lower.

 

GOLD_ GCZ21

Weekly – Last week’s drop blew out the longs. Trade pressures are down. Volumes are bullish.

Daily – Long. Once again the move up is triggered. Trade pressures are up. Volumes are neutral.

The next target up is 1798, which would also break the downtrend.

A close below the 1677 selloff low would signal lower once again. Use that as the stop and move to break even when possible.

[08-15-21: Sun Nite session, raise stops to break even @ 1738.]

 

SILVER_ SIU21

Weekly – The breakdown has created a new downtrend. Trade pressures are down. Volumes are bullish.

Daily – Long. The bounce has triggered a new long entry at 23.57. Trade pressures are down but rising. Volumes are neutral.

The next target up is 24.85.

The prior low at 22.29 is the stop. Bring to breakeven asap.

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COPPER_ HGU21

Weekly – In the long move in the June 2020 uptrend. Trade pressures are up. Volumes are now neutral.

Daily – Short. In the move down from the 8/2 short entry at 4.42. Trade pressures are down but rising. Volumes are bearish.

The next target down is 4.22.

A close above 4.47 would signal higher and is the stop.

 

GOLD_ GCZ21

Weekly – Remains in the May 2021 uptrend, but testing support. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Long. Stopped out of the earlier trade and re-entered at 1765. Trade pressures are down. Volumes are bearish.

The next target  down is 1734.

The next target up is a new long entry at 1766, which would confirm the speculative long in place.

Set the sell stops at 1755.

[08-08-21: Sunday nite session. Stopped out immediately at 1755 on the open.]

 

SILVER_ SIU21

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

Daily – Flat. In move down from the May short entry at 27.27. Trade pressures are down. Volumes are bearish.

The next target down is 22.27.

A close above 24.59 would signal higher.

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COPPER_ HGU21

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

Daily – Long. In the move up from the 7/12 entry at 4.33. Trade pressures are up. Volumes are bullish.

The next target up is 4.38. Resistance at 4.34, then a further move up.

A close below 4.25 would stop the trade out.
[07-19-21: stopped the long trade.]

 

GOLD_ GCQ21

Weekly – In the Mat uptrend. Trade pressures are now up. Volume are neutral.

Daily – Long. In the new long from the 7/14 new long entry at 1810. Trade pressures are up. Volumes are bullish.

The next target up is 1870.

A close below 1798 would signal lower and stop out this long trade.

[08-06-21: Stopped out oat the 1798 for a loss. Re-Entered at 1765 on the December contract, GCZ21.]

 

SILVER_ SIU21

Weekly – Continues to move sideways in the May 2020 uptrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the move down from the May short entry at 27.40. Trade pressures are now up. Volumes are bullish.

The next target down is 25.58, the prior low.

A close above 26.86 would signal higher.

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COPPER_ HGU21

Weekly – Rising off the support levels. Trade pressures are down but rising. Volumes remain bearish.

Daily – Long. Weekly is rising and the daily long entry is triggered at 4.33. Trade pressures are up into the neutral zone. Volumes are bullish.

The next target up is 4.60.

A close below 4.24 would signal lower.

 

GOLD_ GCQ21

Weekly – Has tested the weekly support. Trade pressures are up into the neutral zone. Volumes are neutral.

Daily – Flat. Moving up off the March trendline. Trade pressures are up. Volumes are bullish.

The next target up is the long entry at 1810.

A close below 1779 would signal a new move lower.

 

SILVER_ SIU21

Weekly – The long channel to the right remains the trend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move side ways along the 200 day MA.  Trade pressures are down. Volumes are bearish.

The next target down is the prior low at 23.78.

A close above 26.96 would start a new move up.

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COPPER_ HGU21

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

Daily – F lat. In the move down from the 5/14 short entry at 4.65. Trade pressures are in the neutral zone. Volumes are bearish.

The next target down is 3.90.

A close above 4.33 restarts the move up.

 

GOLD_ GCQ21

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

Daily – Flat. In the 6/16 downtrend. Trade pressures are now up. Volumes remain bearish.

The next target down is 1738.

A close above 1825 would start a new uptrend.

 

SILVER_ SIU21

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

Daily – Flat. In the long consolidation sideways. Trade pressures are up. Volumes are now neutral.

The next target down is 24.82.

Need a close above 27.09 to get a new move up.

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COPPER_ HGU21

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

Daily – Flat. Moved up to the new long entry at 4.33 but was rejected. Trade pressures are now down. Volumes are neutral.

The next target down is 3.96.

The next target up is a new long entry at 4.33.

 

GOLD_ GCQ21

Weekly – Still testing support. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 1845 short entry on 6/15. Trade pressures are down. Volumes are bearish.

The next target down is 1739.

A close above 1784 would signal higher.

 

SILVER_ SIU21

Weekly – The last two weeks have been trending lower but still in the uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down form the 27.30 short entry on 6/17. Trade pressures are down but rising. Volumes are bearish.

The next target down is 24.82.

A close above 26.38 would signal higher.