#copperfutures #goldfutures #silverfutures

COPPER_ HGU19

Weekly – Consolidating after a break below the prior week’s 2.60 lows. Trade pressures are down but rising. Volumes are bearish.

Daily – Long. The 2.57 long entry is triggered Thursday and bought in the Friday pullback. Trade pressures are down but rising. Volumes are Bearish.

The next target up is 2.63.

A close below the 2.53 low would signal lower and so use this 2.53 as the beginning stop.

This is a retracement trade inside the longer move down; so move the stop up to breakeven as soon as practicable.

[8-11-19: Sunday nite session. Raise the stop to the entry price of 2.57. Pressures are down and the S&P is near resistance, so maybe too early.]

 

GOLD_ GCZ19

Weekly – In the aggressive move up from the mid 1200’s . Trade pressures are up. Volumes are bullish.

Daily – Flat. In the second leg up from the 1437 long entry. Trade pressures are up. Volumes are bullish.

At the 1502 target. The next target up is 1567.

A close below 1483 would signal a retracement lower.

 

SILVER_ SIU19

Weekly – In the  move up off the 15 level. Trade pressures are up. Volumes are bullish.

Daily – Flat. After consolidating at the 16.52 level, price moved sharply higher to the 17.25 level. Trade pressures are up. Volumes are neutral.

The next target up is 17.86.

A close below 16.73 would signal a retracement lower.

 

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COPPER_ HGU19

Weekly – Broke down thru the April lows. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. The short at 2.71 was stopped out at the 2.60 profit target. Trade pressures are down. Volumes are bearish.

The next target down is 1,56.

A close above 2.60 would signal a retracement trade up.

 

GOLD_ GCZ19

Weekly – The recent tweets sent gold up to the three week highs. Trade pressures are up. Volumes are bullish.

Daily – Flat. Trading in a wide range about the 1440 level. Trade pressures are up. Volumes are now neutral.

The next target up is the 1467 prior high.

The next target  down is the 1403 level.

 

SILVER_ SIU19

Weekly – In a narrow range at the 16.50 level. Trade pressures are up. Volumes are neutral.

Daily – Flat. In consolidation, Trade pressures are down. Volumes are bullish.

The next target down is the new short entry at 16.15. ( very close)

The next target up is the 16.67 prior high.

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COPPER_ HGU19

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

Daily – Short. The Friday close below 2.71 signals the new short position. Trade pressures are down. Volumes are bearish.

The next target down is 2.65.

A close above 2.76 would signal a new  move up.

Set the stops at 2.73.

[7-31-19: Lower stops to the entry price of 2.71.]

[8-1-19: Lower the stop to 2.69. Set a profit stop at 2.60.]

[8-2-19: Out at the 2.60 profit stop.]

 

GOLD_ GCZ19  (December contract now)

Weekly – Remains in consolidation at the 1428 level. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the move down from the 1451 short entry level, but the daily ranges are too wide to trade. Trade pressures are down. Volumes are now neutral.

The next target down is 1403.

A trade back above 1437 would signal higher.

 

SILVER_ SIU19.

Weekly – Consolidating at the 16.52 upside target.

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

The next target up is 17.88.

The next short entry is 16.15.

 

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COPPER_ HGU19

Weekly – In the down trend. Trade pressures are down but rising. Volumes are bullish for the second week.

Daily – Flat. In the move up from the 2.65 level. Trade pressures are up. Volumes are bearish.

The week saw a rally that spiked above the 2.77 target which then generated profit taking all the way back down to the 2.75 level. The next target up is the same 2.77.

A close below 2.71 would signal lower.

 

GOLD_ GCQ19

Weekly – Spiked above the 1442 previous high on the expectation of a higher rate cut and Iranian tensions. Trade pressures are up. Volumes are bearish.

Daily – Flat. As with copper, a spike up followed by profit taking. Trade pressures are up. Volumes are bearish.

In a retracement trade down while still in the longer cycle move up. The next target up is 1489.

The next target down is 1399.

 

SILVER_ SIU19

Weekly – Almost a one dollar move in one week. Trade pressures are rising but still in the neutral zone. Volumes are bullish.

Daily – Long the break out above the 15.38 triggered the new long entry. Trade pressures are up. Volumes are bearish after the run through multiple targets. The 16.52 target stopped the move and profit taking set in.

The next target up is a retest of the 16.52

A close below 16.12 would signal lower.

#copperfutures #goldfutures #silverfutures

COPPER_ HGU19

Weekly – Multiple tests of the 2.60 support. Trade pressures are down. Volumes are bullish.

Daily – Flat. 2.60 to 2.75 is a developing channel. Trade pressures are up into the neutral zone. Volumes are bullish.

In the move up from 2.65. The next target up is 2.77.

A close below 2.65 would signal a new move lower.

 

GOLD_ GCQ19

Weekly – Remains in consolidation at the 1414 upside target. Trade pressures are up. Volumes remain neutral.

Daily – Flat. In a retracement move down from the 1419 level. Trade pressures are up. Volumes are bullish.

The next target down is 1379.

A close above the 1419 short entry would signal a new move up.

 

SILVER_ SIU19

Weekly – In the new down trend. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Flat. In the longer May long entry’s move up. But in a retracement down from the 15.10 level. Trade pressures are in the neutral zone. Volumes are neutral.

The next target  down is 14.84.

A close above the downward sloping median line at 15.38 would signal higher.

#copperfutures #goldfutures #silverfutures

COPPER_ HGU19

Weekly – Consolidating at this 2.60 lows. Trade pressures are down. Volumes are neutral.

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

In the move up from the 2.71 long entry. But now in a pullback.

A close below 2.65 would signal lower.

 

GOLD_ GCQ19

Weekly – At the 1414 upside target. Trade pressures are up. Volumes are neutral.

Daily – Flat. In the move down But too much volatility to take advantage of the move.

The next target down is 1354.

A close above 1424 would signal higher.

 

SILVER_ SIU19

Weekly – Still in the downtrend. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Flat. In the move up from the 14.84 entry. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target up is 16.52.

The close below the 15.10 level is a signal for lower prices. Wait for a better volume day to trigger.

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGU19

Weekly -Traded the move off the triple bottom. Trade pressures are down. Volumes are now neutral.

Daily – Flat. The long trade was stopped lout at a profit. Trade pressures are up. Volumes are bullish.

The next target up is 2.77.

A close below 2.65 would signal lower.

 

GOLD_ GCQ19

Weekly – Five week rally. Trade pressures are up. Volumes are now neutral.

Daily – Flat. 1450 marks the end target of the two leg rally. Trade pressures are up. Volumes are bullish.

The next target up is this 1450. A close below the 1421 has signaled a retracement lower, but the daily swings are wider than the next target and the stop.

So, wait for a weekly cycle trigger at 1396.

 

SILVER_ SIU19

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

Daily – Flat. In the move up from the 14.84 long entry. Trade pressures are up but declining. Volumes are bullish.

The next target up is 15.68.

A close below 15.10 would signal lower.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN19

Weekly – The prior lows held support. Trade pressures are down. Volumes are bullish.

Daily – Long. In the trade from the 2.63 long entry. Trade pressures are up. Volumes are neutral.

Consolidating at the 2.70 target. The next target up is 2.76.

A close below 2.64 would signal lower.

Use the 2.64 as the new stop.

[6-25-19: Rallied to 2.76. Raise the stops to 2.71.]

[6-26-19: Stopped out this AM CST.]

 

GOLD_ GCQ19

Weekly – Touched the 1408 upside target. Trade pressures are still in the neutral zone but rising. Volumes are bullish.

Daily – Flat. In the second leg up from the 1342 new long entry. Trade pressures are up. Volumes are bearish.

Reacting to the unfocused war talk coming out of the White House. The next target up is 1418.

A close below 1394 would signal lower.

 

SILVER_ SIN19

Weekly –  Still in the down trend, but rallying. Trade pressures are rising into the neutral zone. Volumes are bullish.

Daily – Flat. In the move up from the 14.78 long entry. Trade pressures are up. Volumes are bearish.

The next target up is 15.62.

A close below 15.05 would signal lower.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN19

Weekly – At the July 2018 lows. Trade pressures are down. Volumes are bearish.

Daily – Flat. Consolidating at the 2.63 downside target. Trade pressures are up. Volumes are bearish.

Have a new long entry at 2.63. Seems illogical with the Trade talks dragging on, but can’t let a single data point drive the trade.

The next target up is 2.68.

[6-18-19: Thru the 2.69 level. the next target up is 2.76.]

The next target down is 2.59.

[6-18-19: Set the stops at the entry level of 2.63.]

 

GOLD_ GCQ19

Weekly – The breakout to the upside is tested and still alive. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Flat. In the move up from the 1283 long entry. Took profits at the 1327 stop. Trade pressures are up. Volumes are bearish.

The next target up is the 1361 prior high pivot.

A close below the 1341 level would signal lower.

 

SILVER_ SIN19

Weekly – Also in consolidation at the lows. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the move up from the 14.78 long entry. Trade pressures are up. Volumes are bearish.

The next target up is 15.62.

A close below 14.62 would signal lower.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN19

Weekly – In the downtrend. Trade pressures are down. Volumes are bearish. Near the 2.59 lows.

Daily – Flat. At the 2.63 downside target. Trade pressures are down. Volumes are bearish. The next target down is 2.51.

A close above 2.66 would signal higher.

[6-3-19: The new long  signal would be a close today above 2.94(6-4-19: correction 2.64). Set the stops at the 2.61 low.]

[6-7-19: Stopped out at the 2.61 then moved higher. Flat.]

 

GOLD_ GCQ19

Weekly – Closed above recent highs. Trade pressures are up. Volumes are now bullish.

Daily – Long. Triggered the new long at 1291. Trade pressures are up. Volumes are bullish. The next target up is 1316.

A close below 1291 would signal lower.

Set the stops at 1291.

[6-3-19: Raise stops to the new short entry at 1309.]

[6-4-19: raise stops to 1321.]

[6-5-19: raise stops to the 1327 short entry.]

[6-11-19: The 1327 has been hit. Out for a nice profit.]

 

SILVER_ SIN19

Weekly – At the contract lows. Trade pressures are down. Volumes are bullish.

Daily – Long. The new long entry is triggered at 14.56. Trade pressures are up. Volumes are neutral.

The next target up is 14.76.

A close below the 14.26 low would signal lower. Set the stop at 14.26.

[6-3-19: Raise the stops to the entry price at 14.56.]

[6-5-19: Sell at the 14.76 target.]