#copperfutures #goldfutures #silverfutures

COPPER_ HGN20

Weekly – Testing the 2.40 median line resistance. Trade pressures are up but turning down. Volumes are still bullish.

Daily – Flat. In the move up from the second leg entry at 2.23. Trade pressures are up. Volumes are bearish.

The next target up is 2.63  2.53.

A close below 2.25 would signal lower.

[5-18-20: Raise any stops to 2.33.]

 

GOLD_ GCM20

Weekly – Four weeks of bullish weekly Volumes. Trade pressures are up. Volumes are bullish.

Daily – Long. A breakout of the downward sloping trend line starts a new move up and is confirmed by the close above 1753, the new long entry. Trade pressures are up, but extended.  Volumes are bullish.

The next target up is 1788, the prior high.

A close below the 25×5 at 1722 would signal lower.

5-17-20: Sun nite. Raise the stops to breakeven, 1753.

[5-18-20: Stopped out for a breakeven. Ran to 1775 in the overnite session.]

 

SILVER_ SIN20

Weekly – Broke out above the median line resistance at 15.99. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up after consolidation at the 15.02 target. Trade pressures are up. Volumes are bullish.

The next target up is 17.64. Take profits there.

A close below 15.41 would signal lower.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN20

Weekly – Another test of the median line resistance at this 2.38 level. Trade pressures are up. Volumes are bullish.

Daily – Flat. Got the dally reversal in the trade pressures. Trade pressures are up. Volumes are bullish.

Above the 2.38 target. The next target up is 2.53.

A close below the 25×5 at 2.30 would signal lower.

 

GOLD_ GCM20

Weekly – remains in consolidation around the 1725 target level. Trade pressures remain up  but have been declining for two weeks. Volumes are bullish.

Daily – Flat. In the move down from the 1725 level. Trade pressures are up and near the > 90 level. Volumes are bullish.

The trade pressures are getting extended so watch for the bearish reversal. If this is quick and does not result in a trend change then higher is more likely.

 

SILVER_ SIN20

Weekly – Moving sideways as is gold. Trade pressures are rising in the neutral zone. Volumes are bullish.

Daily – In the move up and in consolidation around the 15.02 target. Trade pressures are up and extended. Volumes are bullish.

The next target up is 16.43.

A close below 14.40 would signal lower.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN20

Weekly – Has risen to the mdian line. Trade pressures are up. Volumes are bullish.

Daily – Flat. Still in the move yup from the March 2.08 ling entry. Trade pressures are down. Volumes are bearish.

A new short would be signaled at 2.24.

A bullish reversal of the trade pressures would put the daily in synch with the weekly. Look for a trade around the 2.23 level and the reversal to reenter the long.

 

GOLD_ GCM20

Weekly –  The 1760 level has acted a as resistance for four weeks now. Trade pressures are up but rolling over.

Daily – Flat. In the move down from the 1729 short entry level. Trade pressures are down and oversold. Volumes are are bearish.

The next target down is 1632. Look for a rally to near the 1729 level ans a subsequent bearish reversal of the trade pressures to re enter the short.

A close above 1743 would signal  higher.

 

SILVER_ SIN20

Weekly – In neutral mode. Trade pressures are neutral. Volumes are neutral.

Daily – Flat. Trade up to the channel boundary and found resistance. Trade pressures are down. Volumes are bearish.

The next target up is 17.03.

The next target down is the short entry at 14 70.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN20

Weekly – In the recovery move up. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Long. In the move up from the 2.31 new long entry. Trade pressures are up. Volumes are  neutral.

The next target up is 2.45.

A close below 2.20 would signal lower.

Use 2.22 as the stop.

[4-27-20: Raise stops to 2.31, the breakeven.]

[4-29-20: Raise the stops to 2.33.]

[4-30-20: sold at 2.33.]

 

GOLD_ GCM20

Weekly – At the upper resistance of the new downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move down but experiencing a retracement up to test the prior high at 1788. Trade pressures are up but rolling over. Volumes are neutral.

The next target up is 1761.

The Next short entry is at 1729.

[4-27-20: Short. from the 1729 level. Set stops at the 1761 level, move to breakeven asap.]

[4-27-20: Move stops to breakeven, 1729.] [ Stopped out at 1729 near the US close. Look for reshort on any new rally.]

 

SILVER_ SIK20

Weekly – Rallied to the 50% retracement of the down move. Trade pressures are declining into the neutral zone. Volumes are neutral.

Daily – Flat. In the move up from the 12.95 level. Trade pressures are up. Volumes are bearish.

The next target up is 16.90.

A close below 14.55 would signal lower.

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGK20

Weekly – 4 weeks into the recovery off the lows. Trade pressures are rising into the neutral zone. Volumes are neutral.

Daily – Flat. In the move up from the March 2.07 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 2.38.

At resistance now. A close below 2.20 would signal lower.

 

GOLD_ GCM20

Weekly – Tested the 1800 highs. Trade pressures are up. Volumes are bearish.

Daily – Short. In the new move down from the 1729 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 1632. But use tight stops as the weekly pressures remain up.,

A close back above 1750 would signal higher.

Use the rallies to work into the short on shorter time frames.

[4-22-20: gold has pulled back to the short entry price. close the short here for a break even.]

 

SILVER_ SIK20

Weekly – At resistance. Trade pressures are up. Volumes are neutral.

Daily – Flat. In the move up from the 12.95 entry. Trade pressures are now down. Volumes are neutral.

The next target up is 16.90.

A close below 14.35 would signal lower.

#copperfutures #goldfutures #silverfutures

COPPER_ HGK20

Weekly – Three weeks off the lows. Trade pressures are rising into the neutral zone. Volumes are neutral.

Daily – Flat. In the move up off the 2.07 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 2.36.

A close below 2.16 would signal lower.

 

GOLD_  GCM20

Weekly – Big rally as the number of new dollars are injected into the system. Trade pressures are up. Volumes are bullish but very low volumes.

Daily – Flat. In the move up from the 1634 long entry. Trade pressures are up but rolling over. Volumes are bullish.

The next target up is 1823.

A close blow 1694 would signal lower.

 

SILVER_ SIK20

Weekly – The move up off the 11.62 to 16.05 in the week. Trade pressures are up. Volumes are neutral.

Daily – Flat. In the move up from 12.98. Trade pressures are up but declining. Volumes are bullish.

The next target up is 16.90.

A close blow 14.354 would signal lower.

#copperfutures #goldfutures #silverfutures

COPPER_ HGK20

Weekly – Two weeks closing up. Trade pressures are turning up. Volumes are neutral.

Daily – Flat. In the move up off the 1.97 lows. Trade pressures are up. Volumes are bullish.

The next target up is 2.36.

As long as price does not go lower than the 2.08 new short entry, can go Long on the next bullish reversal now that the weekly has made a bullish reversal.

 

GOLD_ GCM20

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

Daily – Flat. Still in the move down but in a retracement up to near the 1650 short entry. Trade pressures are up. Volumes are neutral.

The next target down is 1556.

Now at the new long entry of 1634. This old short entry of 1650 and the new long entry of 1634 form a pivot point that is hard to trade. Going flat, if short, is the best advice and wait for a resolution of the this indecision.

 

SILVER_ SIK20

Weekly – The two week bounce has turned the week trade pressures while still down now turning up. Volumes are neutral.

Daily – Flat. In the move up from  the 12.95 long entry. Trade pressures are up.  Volumes are bullish.

The next target up is 16.90.

A close below 13.24 would signal lower.

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGK20

Weekly – prior low was below 2.00. following week low was 2.02. Trade pressures are down. Volumes are now neutral.

Daily – Flat. In the move up from the 2.07 long entry. Trade pressures are rising into the neutral zone. Volumes remain bearish.

The next target up is 2.21.

A bearish reversal in the daily would align with the weekly. a close below 2.08 would signal lower.

 

GOLD_ GCM20

Weekly – The prior gold strength gave way to the demand for cash (margin calls probably). Trade pressures are rising into the neutral zone after the selloff. Volumes are neutral.

Daily – Flat. In the move up from the 1506 level. Both the daily and the weekly trade pressures are up. Volumes are bullish.

The next target up is 1665.

A close below 1650 would signal a retracement lower in the move up, likely target just below 1600 as the weekly is still bullish.

 

SILVER_ SIK20

Weekly – Big bounce after the crash to 11.61. Trade pressures are down but rising. Volumes are now neutral.

Daily – Flat. In the move up form the 12.95 level. Trade pressures are up but turning down. Volumes are bullish to neutral.

The next target up is 14.89.

A close below 13.24 would signal lower. The next trade is the next daily bullish reversal to align the daily with the weekly trade pressures.

#copperfutures #goldfutures #silverfutures

COPPER_ HGK20

weekly – Sharp drop. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move up from the 2.07 new long entry. Trade pressures are down but turning up.

The next target up is 2.38.

A close below the prior low would signal lower.

 

GOLD_ GCJ20

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

Daily – Flat. At the lower median line acting as support. Trade pressures are down but rising. Volumes are neutral.

The next target down is 1466.

A close above 1506 would signal higher.

 

SILVER_ SIK20

Weekly – touched the 100% fib projection. Trade pressures are down. Volumes are bearish.

Daily – Flat. Zipped down past the 13.61 162% target. Trade pressures are down but rising. Volumes are neutral.

The next target down is the weekly 11.61.

A close above the 12.12 has triggered a new long entry but the volatility is very high, so wait for the trade pressures to get above zero.

#copperfutures #goldfutures #silverfutures

COPPER_ HGK20

Weekly – In the move down and broken below the 2.47 target. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down after the break below the 2.53. Trade pressures are down but rising. Volumes are Bearish. The next target down is 2.36.

A close above 2.50 is required to restart any move up.

 

GOLD_ GCJ20

Weekly – Still in the weekly move up but tuned down hard as the need for cash caused selling. Trade pressures are down. Volumes are bearish.

Daily – Flat. Completed the move down form the 1674 sell signal. Trade pressures are down and oversold. Volumes are bearish. Expect consolidation here. 1510 is the next target down. A close above 1559 is required to restart any move up.

 

SILVER_ SIK20

Weekly – Ripped lower after the break of the 17.50 level. Trade pressures are down. Volumes are bearish.

Daily – Flat. Pushed down thru all targets. Trade pressures are down. Volumes are bearish. Closed below three year lows; no support.

Need a close above 14.98 to spark a relief rally.