Category: Metals

Metals

#copperfutures #goldfutures #silverfutures    [Roll to the Jan or Feb contract for these trades.]

COPPER_ HGz19

Weekly – Side ways and still in the downtrend. Trade pressures are down. Volumes are neutral.

Daily – Flat. A Trade war market. In the move down but consolidating at the 2.61 target. Trade pressures are in the neutral zone. Volumes are neutral.

The next target down is 2.53.

The next long entry up is 2.66.

 

GOLD_ GCZ19

Weekly – Retracement near over sold. Trade pressures are down. Volumes are bearish.

Daily – Long. In the move up from the 1461 long entry. Trade pressures are down into the neutral zone.

The next target up is 1483.

A close below the prior low of 1446 would signal lower. Use that 1446 as the stop.

 

SILVER_ SIZ19

Weekly – In the long retracement after the spike to $20. Trade pressures are down and extended. Volumes are neutral.

Daily – Long.  In the move up from the 16.91 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 17.32.

A close blow the 16.61 low would signal lower. Use this low as the Stop.

Metals

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COPPER_ HGZ19

Weekly – In the side ways move. Trade pressures are down into the neutral zone. Volumes are neutral.

Daily – Flat. In the move down from the 2.68 short entry. Trade pressures are down. Volumes are bearish. The next target down is 2.61.

A close above 2.70 would signal higher and will also be the stop for the trade.

 

GOLD_ GCZ19

Weekly – In the move down. Trade pressures are down. Volumes are bearish.

Daily – Flat. Trade pressures are down but rising. Volumes are neutral.

A new move up has been signaled at 1461. The next target up is 1476 then 1481.

Set the stops at 1446.

A close below 1446 would signal lower.

 

SILVER_ SIZ19

Weekly – Pulling back in the uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Still in downtrend but signaling a retracement move up from the 16.96 long entry. Trade pressures are down but rising. Volumes are bearish.

Looking for a bullish volume day. The next target up is 17.32.

A close back below 16.61 will signal a resumption of the move down. Use that as a stop.

Metals

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COPPER_ HGZ19

Weekly – The moving average slope has turned neutral. Trade pressures are up. Volumes are bullish.

Daily – Flat. Stopped out of the last week’s trade at a loss. Showing some divergence that suggests the short trade may still be near. Trade pressures are up. Volumes are bearish.

The next target up is 2.77.

A close below 2.68 would signal lower, but need volume confirmation.

 

GOLD_ GCZ19

Weekly – Broke below a prior low. Trade pressures are down. Volumes are bearish.

Daily – Flat. Trade pressures near over bought. Volumes are bearish.

The next target down is 1432.

A close above 1492 would signal higher.

 

SILVER_ SIZ19

Weekly – Also continuing the move down. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 18.27 level. Trade pressures are down and extended. Volumes are bearish.

The next target down is 16.53.

A close above 17.50 would signal higher. Looking for a bullish reversal of the trade pressures.

Metals

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COPPER_ HGZ19

Weekly – In a move up inside the  downtrend. Trade pressures are up. Volumes are bullish.

Daily – Short. In a retracement move down inside the weekly move up. Trade pressures are down. Volumes are bearish.

Short from the 2.64 entry price. The next target down is 2.60

A close above 2.69 is the stop.

[11-6-19: Stopped out with the move above 2.69.]

 

GOLD_ GCZ19

Weekly – Remains in the consolidation at the 1508 weekly short level. Trade pressures are rising in the neutral zone. Volumes are bearish.

Daily – Flat. At the downtrend resistance level. Trade pressures are up. Volumes are bearish. Expect a move down and then wait for the bullish reversal to go long.

The next target up is 1538.

A close blow 1478 would signal lower.

 

SILVER_ SIZ19

Weekly – Rising in the neutral zone. Trade pressures are neutral. Volumes are bullish.

Daily – Flat. As with gold the resistance levels are nearby. Trade pressures are in the neutral zone. Volumes are bullish.

The next target up is 18.35.

The next target down is the short entry at 17.64.

 

 

 

Metals

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COPPER_ HGZ19

Weekly – Three weeks up. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the Oct 4th 2.57 long entry. Trade pressures are up. Volumes are bullish.

At the 2.65 target. The next target up is 2.73.

A close below 2.64 would signal lower.

 

GOLD_ GCZ19

Weekly – A pull back in the weekly uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Testing the downtrend resistance. Trade pressures are up. Volumes are bearish.

The next target down is the prior low at 1465.

A close above 1535 is required to start a new move up.

 

SILVER_ SIZ19

Weekly – In consolidation at the 17.92 up side target. Trade pressures are down into the neutral zone. Volumes are bullish.

Daily – Flat. In the move down and testing the downtrend resistances. Trade pressures are up. Volumes are bearish.

The next target down is the prior low at 16.94.

A close above 18.25 would signal higher.

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COPPER_ HGZ19

Weekly – Two week rise off the 2.48 lows. Trade pressures are rising in the neutral zone. Volumes are bullish.

Daily – Flat. In the move up from the 2.57 log entry. Trade pressures are up. Volumes are  bullish.

At the target of 2.62. The next target up is 2.65.

A close below the 2.57 level would signal lower.

 

GOLD_ GCZ19

Weekly – Looks lower for the next week. Trade pressures are down. Volumes are bearish.

Daily – Flat. Still in the downtrend. Trade pressures are up. Volumes are bearish.

The next target down is 1432.

A close above 1535 would signal higher.

 

SILVER_ SIZ19

Weekly – In neutral. Trade pressures are down into the neutral zone. Volumes are neutral.

Daily – Flat. Sides ways for ten days. Trade pressures are up. Volumes are bearish.

The next target down is 16.53.

A close above 18.25 would signal higher.

 

Metals

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COPPER_ HGZ19

Weekly – In consolidation after the 2.61 downside target was reached. Trade pressures are in the neutral zone. Volumes are neutral.

Daily – Flat. In the move down from the 2.62 level. Trade pressures are rising into the neutral zone. Volumes are bearish.

The next target down is 2.50.

A close above the 2.57 level would signal higher.

 

GOLD_ GCZ19

Weekly – In the move down from the 1508 weekly short confirmation. Trade pressures are up but declining. Volumes are bullish.

Daily – Flat. In a new downtrend. Trade pressures are in the neutral zone. Volumes are neutral.

The move down has met the 100% downside target and is moving higher.  The next target down is 1432.

A close above 1525 would signal higher.

 

SILVER SIZ19

Weekly – Now in consolidation after the spike high. Trade pressure are up but turning down. Volumes are neutral.

Daily – Flat. In the move down from the 18.72 short entry. Trade pressures are in the neutral zone. Volumes are bearish.

The next target down is 16.53.

A close above 18.25 would signal higher.

Metals

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COPPER_ HGZ19

Weekly – In consolidation. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Short. In the move down from the 2.63 level. Trade pressures are down. Volumes are bearish.

The next target down is 2.54.

A close above 2.62 would signal higher and is also the stop price.

[10-2-19: spiked down to 2.51. Lower stops to 2.57. Take profits on any revisit to 2.51.]

[10-3-19: stopped out at 2.57.]

 

GOLD_ GCZ19

Weekly – Sitting on the MA at 1508. Trade pressures are up. Volumes are bearish.

Daily –  Flat. In the move down but at the median loine support. Trade pressures are down into the neutral zone. Volumes are bullish.

Lower highs. Looking  for a 3 to 5 day rally then a possible short entry at the 1513 entry price.

The next target down is 1477.

A close above 1558 would signal higher.

 

SILVER_ SIZ19

Weekly – In consolidation at the 17.91 target level. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the move down with a short pullback to test the new long entry then failed. Trade pressures are down into the neutral zone. Volumes are bearish.

A new short entry at 18.27. Now at the 17.49 target. The next target down is 16.53

A close above 18,71 would signal higher.

Stops at 18.27 foe a breakeven.

 

 

Metals

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COPPER_ HGZ19

Weekly – Lower now in a possible retest of the 2.51 lows. Trade pressures are up. Volumes are bullish.

Daily – Short. The short entry is triggered at the 2.63 level. Trade pressures are down. Volumes are bearish.

The next target down is 2.54.

Set the stops at 2.64.

A close above 2.64 would signal higher.

 

GOLD_ GCZ19

Weekly – Three weeks down after the 1559 highs. Trade pressues are up. but rolling over. Volumes are bullish.

Daily – Flat. The short entry of 1513 is still active but must wait for volume confirmation. Trade pressures are up. Volumes are neutral.

The next target down is the 1477 uptrend support line.

A close above 1558 would signal higher.

 

SILVER_ SIZ19

Weekly – In the move down and at a MA support line. Trade pressures are up. Volumes are neutral.

Daily – Flat. In the move down from the 19.22 level. Trade pressures are down but rising. Volumes are bearish.

At the 17.83 target and consolidating. The next target down is the 17.03 uptrend resistance line.

A close above 18.71 would signal higher.

Metals

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COPPER_ HGZ19

Weekly – Third week of the rally. Trade pressures are up in the neutral zone. Volumes are bullish.

Daily – Flat. In the move up from the 2.53 long entry price. Trade pressures are up. Volumes are bullish.

Thru the 2.67 target. The next target up is 2.79.

A close below 2.63 would signal lower.

 

GOLD_ GCZ19

Weekly – In the weekly move down. Trade pressures are up. Volumes are bearish.

Daily – Flat. The short trade was stopped out at 1513. Trade pressures are down. Volumes are bearish.

Still in the move down from the 1513 level. Re-enter with a pullback above the 1513 and a recycle of the RSX. The next target down is 1463.

A close above 1580 would signal higher.

 

SILVER_ SIZ19

Weekly – In the move down after the hanging man. Trade pressures are up. Volumes are bearish.

Daily – Flat. Missed the first entry for this move down. Trade pressures are down. Volumes are Bearish.

The next target down is the support line at 17.04.

A close above 18.71 would signal higher.