Category: Metals

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.

Metals

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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.

Metals

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COPPER_ HGZ19

Weekly – Up off the 2.51 lows. Trade pressures are down but rising. Volumes are bearish.

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

The next target up is 2.67.

A close below 2.57 would signal lower.

Set the stop at 2.57.

 

GOLD_ GCZ19

Weekly – Near the upside target of 1566. Trade pressures are up. Volumes are bearish.

Daily – Short. In the new move down from the 1513 short entry price. Trade pressures are in the neutral zone. Volumes are bearish.

The next target down is 1502.

A close above the prior high at 1566 would signal higher.

Set the stop at 1566.

[9-9-13: Lower stop to breakeven – 1513.]

[9-12-19: Stopped out at the 1513 breakeven.]

 

SILVER_ SIZ19

Weekly – Hanging man signaling a trend change. Trade pressures are up. Volumes are bearish.

Daily – Short. In the new move down from the 19.22 trigger. Trade pressures are down in the neutral zone. Volumes are bearish.

The next target down is 17.63.

A close above 19.28 would signal higher.

[9-10-19: waited for pull back and missed this one. No trade. Flat.]

Metals

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COPPER_ HGZ19

Weekly –  The weekly downside target of 2.51 has held and is now support. Trade pressures are down but rising. Volumes remain bearish.

Daily – Flat. In the move up from the 2.54 level. Trade pressures are up into the neutral zone. Volumes are now neutral.

The next target up is 2.61.

A close below the lower median line at 2.50 would signal lower.

 

GOLD_ GCZ19

Weekly – The 1559 highs are holding. Trade pressures are up. Volumes are bullish.

Daily – Flat. Consolidating a t the highs. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target up is 1567.

A close below 1525 would signal lower.

 

SILVER_ SIZ19

Weekly – In the sharp move up. trade pressures are up. Volumes  are bullish.

Daily – Flat. At the end of the second leg up. Trade pressures are up. Volumes are bearish.

The next target up is 19.85.

A close below 18.23 wouls signal lower.

Metals

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COPPER_ HGU19

Weekly – Traded down to the 2.51 weekly target. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 2.76 short entry. Trade pressures are down. Volumes are bearish.

The next target down is the lower median line at 2.44

A close above 2.54 would signal a retracement higher.

 

GOLD_ GCZ19

Weekly – The trade war rhetoric  has taken gold to new highs. Trade pressures are up. Volumes are bullish.

Daily – Flat. The reversal has sent gold above the prior high to the upper median line target. Trade pressures are up. Volumes are bullish.

The next target up is 1567.

A close below 1502 would signal lower.

 

SILVER_ SIU19

Weekly – Also at highs. Trade pressures are up. Volumes are bullish.

Daily – Flat. The next target up is 17.86. Trade pressures are up. Volumes are  bullish.

A close below 16.84 would signal lower.

Metals

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COPPER_ HGU19

Weekly – Now testing the 2018 lows as resistance. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. Still in the move up from the 2.57 level. Trade pressures are down. Volumes are bullish.

Looking for a test of the lower median line at 2.55 -2.56; then long again. (Event driven, i suspect.)

The next target up is 2.62.

A close below the low of 2.53 would stop any trade and signal lower.

 

GOLD_ GCZ19

Weekly – A “spinning top”. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 1337 second leg entry. Trade pressures are up. Volumes are bullish.

The next target up is 1567.

A close below 1494 would signal lower.

 

SILVER_ SIU19

Weekly – In the sharp move up from the 15.00 level. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 14.83 long entry. Trade pressures are up. Volumes are neutral.

The next target up is 17.89.

A close below 16.96 would signal lower.