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COPPER_ HGN20

Weekly – Testing the upside resistance. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 2.34 April Long entry. Trade pressures are up. Volumes are bullish.

The next target up is 2.76.

A close below 2.47 would signal lower.

 

GOLD_ GCQ20

Weekly – Ten weeks in the 1700-1800 channel. Trade pressures are rising into the neutral zone. Volumes remain bearish.

Daily – Flat. In the rising pitchfork. Trade pressures are up. Volumes are bullish. The next target up is 1787.

A close below 1748 would signal lower.

 

SILVER_ SIN20

Weekly – Four weeks into the new uptrend. Trade pressures are up but reversing. Volumes are bullish.

Daily – Flat. In the move up from the 17.27 entry price. Trade pressures are declining into the neutral zone.

The next target up is 18.05.

A close below 17.11 would signal a new move lower.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN20

Weekly – Testing the resistance of the downtrend. Trade pressures are up. Volumes are now bearish.

Daily – Flat. The retracement has moved price down to the new short entry at 2.63, but no close below. Trade pressures are up but reversing. Volumes are neutral.

The next target down is 2.47.

Still above the support at 2.56.

 

GOLD_ GCQ20

Weekly – The $1800 resistance line has held for 10 weeks. Trade pressures are down. volumes are bearish.

Daily – Flat. In a counter trend rally from 1699. Trade pressures are up but reversing. Volumes are bullish.

The next target up is 1781.

A close below 1684 would put the daily in sync with the weekly and signal lower.

 

SILVER_ SIN20

Weekly – Silver breaks thru the resistance and forms a new uptrend. Trade pressures are up but reversing. Volumes are bullish.

Daily – Flat. Attempted a move up but stopped on Thursday with the equity down day. Trade pressures are up but rending down. Volumes have been bearish for the last 8 days, but no new short signal.

The next target up is 19.35.

A close below 17.11 and the 200 day MA at 17.23 would signal lower.

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COPPER_ HGN20

Weekly – The rally in side the down trend continues. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 2.23 second leg entry and at the 100% target of 2.53. Trade pressures are up and extended. Volumes are bullish.

The next target up is 2.78.

Resistance here at the 200 day MA. Expect consolidation and retracement.

A close below 2.45 would signal lower.

 

GOLD_ GCQ20

Weekly – A weekly close below the the two prior closes. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 1707 short entry. Trade pressures are down. Volumes are bearish.

At the 50% target. The next target down is 1654.

A close above 1783 would signal higher.

 

SILVER_ SIN20

Weekly – The weekly closed lower but the net volume for the week was bullish. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In a retracement of the this move up. Trade pressures are down. Volumes are bearish.

The next target up is 19.35.

A close below 17.11 would signal a new short entry.

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COPPER_ HGN20

Weekly – Still tracking along the Median line at the 2.40 level. Trade pressures are up. Volumes are bullish.

Daily – Flat.  In the move up[ from the 2.23 level. Trade pressures are up. Volumes are bullish.

The next target up is 2.62.

A close below 2.31 wopuld signal lower.

 

GOLD_ GCQ20

Weekly – In the move up inside the longer term downtrend. Trade pressures are down into the neutral zone. Volumes remain bullish.

Daily – Flat. Side ways for two months. Trade pressures are up. Volumes are beariosh.

The next target down is 1654.

A close above 1779 would signal higher.

 

SILVER SIN20

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

Daily – Flat. In the move up pff the 15.79 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 19.35.

A close below 16.84 would signal lower.

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGN20

Weekly – Tracking the median line at 2.40. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the March entry at 2.08. Trade pressures are up. Volumes are bearish.

The next target up is 2.42 once again.

A close below 2.31 would signal lower.

 

GOLD_ GCM20

Weekly – Testing resistance. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move down from the 1732 short entry level. Trade pressures are down. Volumes are bearish.

The next target down is 1675.

Another close above 1753 would signal higher.

 

SILVER_ SIN20

Weekly – Testing resistance. Trade pressures are up. Volumes are now bullish..

Daily – Flat. Trade pressures are up but declining. Volumes are now neutral.

The next target up is 20.20.

A close below 16.42 would signal lower.

#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.