Category: Metals

Metals

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COPPER_ HGN21

Weekly – In the June 2020 uptrend. Trade pressures are rising into the neutral zone. Volumes are now neutral.

Daily – Long. The 4.64 level triggered the new long entry. Trade pressures are up. Volumes are bullish.

The next target up is 4.78.

A close below 4.52 would reverse the trade.

 

GOLD_ GCQ21

Weekly – A new May uptrend is established. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 5/14 1832 long entry level. Trade pressures are up but declining. Volumes are bullish.

The next target up is 1959.

A close below 1842 would signal lower.

 

SILVER_ SIN21

Weekly – Rising in the long May 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the April long entry price of 25.16. Trade pressures are now down. Volumes are now neutral.

The next target up is 29.50.

A close below 27.23 would signal a move lower.

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COPPER_ HGN21

Weekly – In the June 2020 uptrend. Trade pressures are up but flattening. Volumes are bearish.

Daily – Flat. In the move down and now at the 25×5 MA. Trade pressures are down hard. Volumes are bearish.

The next target down is 4.36.

A close above 4.64 would signal higher.

 

GOLD_ GCM21

Weekly – In  new uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Still in the April 15th move up. Trade pressures are up. Volumes are bullish.

The next target up is 1903.

A close below 1818 would signal lower.

 

SILVER_ SIN21

Weekly – In the July 2020 uptrend and side ways channel. Trade pressures are up. Volumes are bearish.

Daily – In the April move up. Trade pressures are down. Volumes are bearish.

The next target up is 29.59.

A close below 23.40 would signal lower.

Metals

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COPPER_ HGN21

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

Daily – Flat. In the move up from the 4.20 March long entry. Trade  pressures are now down in to the neutral zone. Volumes are bearish.

The next target up is 5.35.

A close below 4.36 would signal lower.

 

GOLD_ GCM21

Weekly – Testing the February downtrend resistance. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up off the 1724 March long entry. Trade pressures are down into the neutral zone. Volumes are bullish.

The next target up is 1871.

A close below 1820 would signal lower.

 

SILVER_ SIN21

Weekly – Still in the Mat 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the March 25.15 long entry. Trade pressures are down. Volumes remain bullish.

The next target up is 29.59.

A close below 26.33 would signal lower.

Metals

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COPPER_ HGN21

Weekly – In the June 20202 uptrend. Trade pressure are up. Volumes are bullish.

Daily – Flat. In the move up from the March .422 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 4.78.

A close below 4.56 would signal lower.

 

GOLD_ GCM21

Weekly – Testing the downtrend resistance at 1870.00. Trade pressures are up. Volu\mes are bullish.

Daily – Flat. In the move up from the March 1724 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 1871.

A close below 1801 would signal lower.

 

SILVER_ SIN21

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

Daily – Flat. In the April move up from the 25.87 long entry. Trade pressures are up. Volumes are bullish.

the next target up is 27.95.

A close below 25.00 would signal lower.

Metals

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COPPER_ HGN21

Weekly – In the June 20202 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 4.12 breakout in April. Trade pressures are up and trending. Volumes are now neutral.

The next target up is 4.96.

A close below 4.41 would signal some retracement.

 

GOLD_ GCM21

Weekly – In the February downtrend. Trade pressures are up. Volumes are now neutral.

Daily – Flat. In the new uptrend. Trade pressures are down. Volumes are bearish.

The next target up is 1773. Looking for a bullish reversal to get the daily in sync with the weekly.

The next target down is 1725.

 

SILVER_ SIN21

Weekly – Remains in the May 20202 uptrend. Trade pressures are up. Volumes are bearish.

Daily – Long. In a new move up from the 25.87 April long entry. Trade pressures are down. Volumes are bearish.

The 200 day MA support is at 25.50. look for a bullish reversal to get long.

A close below 25.00 would signal lower. Use this level as a stop for any long entry.

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COPPER_ HGK21

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

Daily – Flat. In the move up from the 4.03 long entry and at the 4.28 target. Trade pressures are up and trending.  Volumes are bullish.

The next target up is 4.49.

A close below 4.11 would signal lower.

 

GOLD_ GCM21

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

Daily – Flat. Pulling back inside the move p. Trade pressures are up but turning down. Volumes are bearish.

the next target down is 1746.

Look for a bullish reversal to get back in sync with the weekly. The 25×5 should be that level foe a new long. A close below 1745 would signal lower.

 

SILVER_ SIK21

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

Daily – Long. Long from 25.31. Pulling back inside the move up. Trade pressures are up but reversing.

Look for a bullish reversal in the daily for the next move up. The next target up is the prior high at 26.73.

Trade stops are set at 25.55. A close below the 200 day moving average would signal lower.

[4-28-21: Take profits @ 26.02, and roll to the July contract on a pull back.]

Metals

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COPPER_ HGK21

Weekly – Still in the June 2020 uptrend. Trade pressures are up but slowly declining. Volumes are bullish.

Daily – Flat. Still in the uptrend. Trade pressures are up. Volumes are bullish.

At the  4.15 upside target. The next target up is 4.28.

A close below 4.11 would signal lower.

 

GOLD_ GCM21

Weekly – Rising in the downtrend. Trade pressures are up into the neutral zone. Volumes are now bullish.

Daily – Flat. In the new uptrend. Trade pressures are up. Volumes are bullish.

The next target up is 1808.

A close below 1749 would signal lower.

 

SILVER_ SIK21

Weekly – Remains in the May 2020 uptrend. Trade pressures are now up. Volumes are still neutral.

Daily – Long. The new long entry tested the 200 Day and then moved up from there. Trade pressures are up. Volumes are bullish.

The next target up is 26.89.

A close below 25.42, the 200 day MA, would signal lower. Set stops at this level.

[4-23-21: Raise the stops to 25.55. The next target up is 26.81]

Metals

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COPPER_ HGK21

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

Daily – Flat. In the move up from 4.02, but has dropped out of the short term uptrend. Trade pressures are down Volumes remain bullish.

The next target up is 4.15.

A close below 3.94, a prior low, would signal lower.

 

GOLD_ GCM21

Weekly – In the February down trend. Trade pressures are down but rising. Volumes are neutral.

Daily – Flat. The counter trend long trade ran to resistance and stopped. Trade pressures are up but now declining. Volumes remain bullish.

The next target up is a break of the 1768 resistance.

A close below the 25×5 at 1726 would signal lower.

 

SILVER_ SIK21

Weekly – In a slow retracement inside the uptrend since early February. Trade pressures are down but rising. Volumes are now neutral.

Daily – Long. The Close above 25.31 has triggered a retracement trade inside the downs trend. Trade pressures are up but declining.  Volumes are bullish.

Looking for a break above the 25.84 to confirm the move but a buy with tight stops on any pullback could be an anticipation entry.

A close below 24.35 would signal a failure. Use that as a stop.

Metals

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COPPER_ HGK21

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

Daily – Flat. In the move up from the 4.05 signal. Trade pressures are down. Volumes are bearish.

The next target up is 4.40.

Nearing support at 3.87. A  close below this level would signal lower

 

GOLD_ GCM21

Weekly – Moving up off the 1675 recent lows. Trade pressures are down but rising. Volumes are bearish.

Daily – Long. In the move up from the 1696 long entry. Trade pressures are up Volumes are bullish.

At the 1727 target. The next target up is 1750. Set trailing stops at 10 points below the 1730 high.

A close below 1709 would signal a new move lower.

[4-5-21: the overnight high of 1732 brought the 10 point stop up to 1722 which was stopped out in the early morning hours.]

 

SILVER_ SIK21

Weekly – Still in the 22 – 30 channel. Trade pressures are down but showing a higher low. Volumes are bearish.

Daily – Flat. In the move down and has met the 24.06 downside target. Trade pressures are up into the neutral zone. Volumes are bullish.

The next target down is the lower channel boundary at 22.

A close above 23.31 would signal higher.

 

 

 

 

Metals

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COPPER_ HGK21

Weekly – In the June 2020 up trend. Trade pressures are up but rolling over. Volumes are bullish.

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

The next target up is 4.26.

A close below the support at 3.87 would signal lower.

 

GOLD_ GCM21

Weekly – In the Dec downtrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. Looking for the next long entry at the next bullish daily reversal. Trade pressures are down. Volumes are neutral.

The next target  down is the lower median line at 1698.

The next target up is 1773.

[3-30-21: Long at 1685. Stops at 1675.] [Trail the stops with a 15 point trail.]

[3-31-21; Raise stops to a 10 point trail, now1704]

 

SILVER_ SIK21

Weekly –  Remains in the 22-28 channel. Trade pressures are up into the neutral zone. Volumes remain bearish.

Daily – Flat. In the move down from the 27.43 short entry. Trade pressures are down but rising. Volumes are bullish.

The next target down is 24.06.

A close above 26.01 would signal higher.