Category: Metals

Metals

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COPPER_ HGH21

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

Daily – Flat. In the move up from the 3.04 August long entry. Trade pressures are up. Volumes are bullish.

The next target up is 3.81.

A close below 3.42 would signal lower.

 

GOLD_ GCG21

Weekly – In the July move up. Trade pressures are rising in the neutral zone. Volumes are bearish.

Daily – Retracing inside the move down. Trade pressures are up and extended. Volumes are bullish.

The next target down is 1740.

A close above 1914 would signal higher.

 

SILVER_ SIH21

Weekly – After nearing the support levels at 21.00, price has moved higher. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up after breaking the 25.52 short resistance. Trade pressures are up and extended. Volumes are bullish.

The next target up is 26.74.

A close below 24.59 would signal lower.

[12-21-20: raise stops to the uptrend support line at 26.28] -> [The afternoon spike down takes the position out at 26.28.]

Metals

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COPPER_ HGH21

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

Daily – Flat. In the move up from the August 3.03 long entry. Trade pressures have made a bullish reversal. Volumes are neutral.

The next target up is 3.79.

A close below 3.41 would signal lower.

 

GOLD_ GCG21

Weekly – Testing the support of the uptrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the move down from the November 1917 short entry. Trade pressures are down. Volumes are bullish.

The next target down is 1740.

A close above 1914. would signal higher.

 

SILVER_ SIH21

Weekly – Also testing the uptrend support line at 20.28. Trade pressures are up into the neutral zone. Volumes are bearish.

Daily – Flat. In the move down from the November 24.39 short entry. Trade pressures are down. Volumes are now neutral.

The next target down is 21.54.

A close above 25.15 would signal higher

Metals

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COPPER_ HGH21

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

Daily – Flat. In the move up from the August 3.07 entry. Trade pressures are up. and trending. Volumes are bullish.

The next target up is 3.79.

A close below 3.27 would signal lower.

 

GOLD_ GCF21

Weekly – Still near the uptrend support line at 1767. Trade pressures are down. Volumes are bearish.

Daily – Flat. Still in the move down from the 1909 November short entry. Trade pressures are up. Volumes are bullish.

The next target down is the 1727 level.

Now in a retracement up to test the 25x5MA at 1864. A close above 1914 would put the long trade back in action.

 

SILVER_ SIH21

Weekly – Still in the May uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Choppy. In the move down from the 24.38 short entry signal. Trade pressures are up. Volumes are bullish.

The next target down is 21.54.

A close above 25.09 would signal higher.

Metals

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COPPER_ HGH21

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

Daily – Flat. At the 3.41 upside target. Trade pressures are up. Volumes are bullish.

The next target up is 3.80.

A close below 3.18 would signal lower.

 

GOLD_ GCG21

Weekly – Price drops down to the uptrend support levels. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 1909 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 1727.

A close above 1951 is required to restart the move up.

 

SILVER_ SIH21

Weekly – retesting the September lows. Trade pressures are down. Volumes are bearish.

Daily  -Flat. Retracing inside the 21.61 low pivot. Trade pressures are down. Volumes are now neutral and very light.

The next target down is 20.95.

A close above 24.09 would signal higher.

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COPPER_ HGZ20

Weekly – In the July uptrend. Trade pressures are up. Voloumes are bullish.

Daily – Flat. At the 3.29 target. Trade pressures are up. Volumes are bullish.

The next target up is 3.41.

A close below 3.04 would signal lower.

 

GOLD_ GCZ20

Weekly  – Remains in the July uptrend, but retracing. Trade pressures are neutral. Volujes are bearish.

Daily – Flat. Testing the 1835 downside target area and the 1848 prior lows. Trade pressures are down but reversing. Volumes are now neutral.

The next target down is that 1835 level.

[11-24-20: Breaks 1835. Next target down is now 1727.]

A close above 1937 would signal a new move up.

 

SILVER_ SIZ20

Weekly – In the May uptrend. Trade pressures are neutral. Volumes are bullish for the last three weeks.

Daily – Flat*. In the uptrend and sitting on the 23.17 support line. Trade pressures are down but reversing. Volumes are bearish.

The next target down is 22.43.

The 2 hour chart has signaled a new uptrend.  A close above 24.50 on the daily would signal a new move up.

*** Go long over the 24.37 level on the 2hour.  Alternatively look at long the swiss franc.

11-24-20: *long entry failed. The next target down is 21.54.

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HGZ20

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

Daily – Flat. In the move up form the 3.02 level. Trade pressures are up. Volumes are bullish. The next target up is 3.29.

A close below 2.98 would signal lower.

 

GOLD_ GCZ20

Weekly – Vaccine vs the stimulus? Trade pressures are neutral. Volumes are bullish.

Daily – Flat. Sharp reversal stops out the long trade at 1906. Trade pressures are up. Volumes are neutral.

The next target down was 1845 which was quiclyreached. The next target down is 1817.

A close above 1898 would signal a retracement move up.

 

SILVER_ SIZ20

Weekly – Same reaction as did gold. Trade pressures are neutral Volumes are bullish.

Daily – Flat. Any long entry has failed. Trade pressures are up. Volumes are neutral.

The next target down is 22.42.

A close above 26.05 is need to restart any long entry.

 

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COPPER_ HGZ20

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

Daily – Flat. In the move up. Trade pressures are up and extended. Volumes are bullish. The next target up is 3.21 the prior high. Expect consolidation here.

A close below 3.08 would signal lower.

 

GOLD_ GCZ20

Weekly – 5 day rally. Trade pressures are up. Volumes are bullish.

Daily – Long.  In the new move up from the 1951 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 2054. Look for a pull back to enter this new long.

A close below 1906 would restart the move down.

[11-09-20: Stopped out at the 1906 level.]

 

SILVER_ SIZ20

Weekly – Breakout to the upside. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Flat. Just touched the new long entry. Trade pressures are up. Volum es are bullish.

The next target up is the long entry at 26.05.

A close below the 25×5 MA at 24.43 would signal lower.

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COPPER_ HGZ20

Weekly – Mixed week as the election approaches. Trade pressures are up. Volumes are neutral.

Daily – Flat. In a retracement move down for the 3.31 highs. Trade pressures are down but basing. Volumes are bearish.

The next target down is the 2.98 new short entry.

Support is the 2.99 up trend support line.

 

GOLD_ GCZ20

Weekly – Retracing in the up trend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the down trend. Trade pressures are down. Volumes are bullish.

The next target down is 1835.

A close above the downtrend resistance at 1956 would signal higher.

 

SILVER_ SIZ20

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

Daily – Remains in the move down; moving side ways. Trade pressures are down, but rising. Volumes are neutral.

The next target down is a retest of the 21.87 level.

A close above the down trend resistance line at 25.60 would signal higher.

Metals

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COPPER_ HGZ20

Weekly – In the up trend. Trade pressures  are up. Volumes are bullish.

Daily – Flat. In the new move up. Trade pressures are up but reversing. Volumes are bullish.

The next target up is 3.29.

A close blow 2.98 would signal lower.

 

GOLD_ GCZ20

Weekly – Remains in the uptrend. Trade pressures are down but reversing. Volumes are bearish.

Daily – Flat. In the move down. Trade pressures are down. Volumes are neutral.

The next target down is 1835.

A close above 1960 would signal higher.

 

SILVER_ SIZ20

Weekly – In the up trend. Trade pressures are down but rising. Volumes are bearish.

Daily  – Flat. Slow move up in this downtrend. Trade pressures are down. Volumes are neutral.

The next target down is the prior low at 21.81.

A close bove 26.05 would signal higher.

Metals

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COPPER_ HGZ20

Weekly – In the uptrend. trade pressures are in the neutral zone. Volumes are bullish.

Daily – Flat. Testing the upside resistance of the downtrend. Trade pressures are up. Volumes are bullish.

A close above the prior high starts a new uptrend.

The next target down is 2.89.

 

GOLD_ GCZ20

Weekly – remains in the uptrend. Trade pressures are down but rising. Volumes remain bearish.

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

The next target down is 1835.

A close above 1957 would signal higher.

 

SILVER_ SIZ20

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

Daily – In the down trend. Trade pressures are up. Volumes are neutral.

The next target down is the prior low at 21.81.

A close above the 25×5 at 24.75 would signal higher.