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COPPER_ HGZ20

Weekly – Remains in the uptrend. Trade pressures are down into the neutral zone. Volumes are bullish.

Daily – Flat. In a retracement in the  move down.   Trade pressures are up. Volumes are bullish. The next target down is the 200 Day MA at 2.68. A close above 3.12 would signal a new move higher.

 

GOLD_ GCZ20

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

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

The next target down is 1835, which should complete the retracement.

A close above 1959 would signal higher.

 

SILVER_ SIZ20

Weekly – In a similar retracement as gold. Trade pressures are down. Volumea are bearish.

Daily – Flat. Touched the downside target at 21.87 on 9-24. Trade pressures are up. Volumes are bullish.

Expect sideways. The next target down would be a back test of the 24.00 level, Need a close above 26.00 to restart the move up.

Silver looks to lead gold on the next move.

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COPPER_ HGZ20

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

Daily – Flat. In the move up, but now testing the resistance. Trade pressures are down but rising. Volumes are neutral.

The next target up is the 3.12 prior high.

A close below 2.89 would signal lower.

 

GOLD_ GCZ20

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

Daily – Flat. In the move down from 2025. Trade pressures are down. Volumes are bearissh.

The next target down is 1835.

A close above 1984 would signal higher.

 

SILVER_ SIZ20

Weekly – Sharp pullback into support. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. At the downside target of the move down from 27.49. Trade pressures are down. Volumes are bearish.

The next target down is 21.74.

A close above 26.05 would signal higher.

 

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COPPER_ HGZ20

Weekly – In the uptrend. trade pressures are up. Volumes are bullish.

Daily – Flat. After consolidating at the 3.02 target, a new leg up has started. Trade pressures are up. Volumes are bullish.

The next target up is 3.29.

A close below 2.89 would signal lower.

 

GOLD_ GCZ20

Weekly – In consolidation. Trade pressures are up but declining. Volumes are bullish.

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

The next target up is the resistance at 2006.

The next target down is the MA at 1957.

 

SILVER_ SIZ20

Weekly – In consolidation. Trade pressures are up. Volumes are bullish.

Daily – Flat. Also in consolidation. Trade pressures are up into the neutral zone. Volumes are bullish.

The next target up is 28.06.

A close below 25.77 signals lower.

 

 

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COPPER_ HGZ20

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

Daily – Flat. In the move up. Trade pressures are are down but rising. Volumes are bullish.

The next target up is 3.08.

A close below 2,86 would signal lower.

 

GOLD_ GCZ20

Weekly – A bullish close after five weeks of down to neutral. Trade pressures are up but showing a reversal. Volumes are bullish.

Dai;ly – Flat. Moving sideways. Trade pressures are up but reversing. Volumes are neutral.

The next target down is the prior low at 1874.

A close above 2004 would signal higher.

 

SILVER_ SIZ20

Weekly – Similar position as the gold. Trade pressures are up. Volumes are neutral.

Daily – Flat. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 25.90.

A close above 27.82 would signal higher.

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ20

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

Daily – Flat. In the move up. Trade pressures are down but rising. Volumes are bullish.

The next target up is the prior high of  3.09.

A close below 2.86 would signal lower.

 

GOLD_ GCZ20

Weekly – Remains in the uptrend. Trade pressures are up but showing divergence. Volumes are neutral.

Daily – In the move down from the 2025 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 1891.

A close above 2012 is the next long entry.

 

SILVER_ SIZ20

Weekly – Remains in the up trend . Trade pressures are up. Volumes are neutral.

Daily – Flat. In the move down from the 27.98 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 24.92.

A close above 27.82 would signal a new long entry.

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COPPER_ HGZ20

Weekly – In the uptrend, but trade pressures are diverging. Volumes are bullish.

Daily – Flat. Last week attempted to move lower but the 25×5 MA held as support. Trade pressures are up. Volumes are bullish.

The next target up is the prior highs 3.05.

A close below 2.29 would signal lower.

 

GOLD_ GCZ20

Weekly – Uptrend is intact. Trade pressures are up but reversing. Volumes are neutral.

Daily – Flat. In the move down from the 2025 short entry. Trade pressures are up. Volumes are bullish.

Back testing the break of the 25×5 MA. The next target down is 1835.

A close above 2012 would signal a new move up.

 

SILVER_ SIZ20

Weekly – In consolidation after the 4 weeks of run-up. Trade pressures are up but diverging. Volumes are neutral.

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

The next target down is 21.74.

Consolidation above the 25×5 MA. A close above the nearby 27.82 level would signal a new move up.

#copperfutures #goldfutures #silverfutures

Weekly – In the uptrend. Trade pressures are up but reversing. Volumes are bearish.

Daily – Flat. Consolidating at the 2.99 target. Trade pressures are now down. Volumes are neutral.

The next target up is 3.02., the prior high.

A close below 2.80 would signal. lower.

 

GOLD_ GCZ20

Weekly – Consolidating after two weeks down. Trade pressures are up but reversing.. Volumes are neutral.

Daily – Flat. Still in the move down after a back test. Trade pressures are down. Volumes are neutral.

In the second leg down from the 1873 short entry. The next target down is 1891.

A close above 2012 would signal higher.

 

SILVER_ SIU20

Weekly – $8 dollar rally! But now in a retracement. Trade pressures are up. Volumes are now neutral.

Daily – Flat.  In the move down after a retracement. Trade pressures are down. Volumes are bearish.

The next target down is 22.50.

A close above 27.85 would signal a new move up.

#copperfutures #goldfutures #silverfutures

COPPER_ HGU20

Weekly – In the uptrend. Trade pressures are up but reversing. Volumes are now bullish.

Daily – Flat. Closed on the day’s highs. Trade pressures are down.  Volumes are bearish.

The next target down is the new short entry at 2.76.

A close above 2.89 would signal higher.

 

GOLD_ GCZ20

Weekly – 2nd week down. Trade pressures are up but reversing. Volumes are bearish.

Daily – Flat. In the move down from the 2025 short entry and stopped out at the 1967 stop. Trade pressures are down but reversing. Volumes are neutral.

The next target down is 1835. The move down tested the 1910 uptrend resistance line but closed back above that resistance.

A close above 1982 would signal higher.

 

SILVER_ SIU20

Weekly – Almost a doji here at the highs. Trade pressures are up. Volumes are neutral.

Daily – Flat. The retracement went down to the July 31 breakout, then turned back up. Trade pressures are down but reversing to the upside. Volumes are neutral.

The next target down is 22.55.

A close above 27.80 would signal a new move up.

#copperfutures #goldfutures #silverfutures

COPPER_ HGHU20

Weekly – Four weeks of bearish volume. Trade pressures are up but reversing. Volumes are bearish.

Daily – Flat. Made it to the 2.99 target then reversed with the NQ’s. Trade pressures are down hard. Volumes are bearish.

The next target down is the new short entry at 2.76.

A close above the 2.89 level would signal a new move up.

 

GOLD_ GCZ20

Weekly – Spiked to a new high. Trade pressures are up. Volumes are bearish with the Friday reversal.

Daily – Short. In the new move down. Trade pressures are up but reversing. Volumes are bearish.

The next target down is 1982.

Still below the inflation-adjusted all time highs. A close back above today’s high of 2089 would be required to renew the move up.

Set the stop at the 2089 high.

[8-11-20: Lower stops to 1967.]

[8-13-20: Stopped out at the 1967 stop level.]

 

SILVER_ SIU20

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

Daily – Flat. In a retracement down started  at 28.17. Trade pressures are up. Volumes are bearish.

The next target down is 26.23.

A close above the prior highs would restart the move up.

#copperfutures #goldfutures #silverfutures

COPPER_ HGU20

Weekly – In a retracement down after the four week move up. Trade pressures are up but reversing. Volumes are bearish.

Daily – Flat. Moving with the equity markets. Trade pressures are dwon. Volumes are bearish.

The next target up is 2.99.

A close below 2.79 would signal lower.

 

GOLD_ GCZ20  (roll out to dec)

Weekly – Big rally these last two weeks. Trade pressures are up. Volumes are bullish.

Daily – Flat. Closing in on the 100 % target. Trade pressures are up but reversing. Volumes are now neutral.

The next target up is 2015.

A close below 1945 would signal lower.

 

SILVER_ SIU20

Weekly – Two weeks of a very large move up. Trade pressures are up. Volumes are very high, but bearish at the close of this week.

Daily – Flat. In the new move down from 24.43. Trade pressures are up but turning down. Volumes are neutral all week.

The next target down is 21.72.

A close above 25.10 would signal higher.