#copperfutures #goldfutures #silverfutures

COPPER_ HGN19

Weekly – Closed just above the 2.81 weekly short entry trigger. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down and at the 2.7 downside target. Trade pressures are down but rising. Volumes are bullish.

The short trade took profits at the 2.80 level.The next target down is a retest of the 2.77 level.

A close above 2.87 would signal higher.

 

GOLD_ GCM19

Weekly – In a pull back inside the uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 1314 short entry. Trade pressures are up into the neutral zone. Volumes are bullish.

The next target down is 1262.

A close above 1304 would signal higher.

 

SILVER_ SIN19

Weekly – In the uptrend and near support. Trade pressures are down. Volumes are now bullish.

Daily – Flat. In the move down from the 15.22 short entry. Trade pressures are down but rising. Volumes are now bullish.

The next target down is 14.42.

A close above 15.09 would signal higher.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN19

Weekly – July contract. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Short. In the new short from the 2.91 break. Trade pressures are down. Volumes are bearish.

The next target down is 2.83.

A close above 2.94 would signal higher.

There is an inordinate exposure to event risk here with the swirl of negotiation talks leaked for market consumption.

Set stops at the 2.94 level.

[5-1-19: lower stops to the 2.91 breakeven.]

[5-1-19: lower stops to 2.88, take profits at 2.80 OCO]

 

GOLD_ GCM19.

Weekly – Still in the move down. Trade pressures are down. Volumes are bearish.

Daily –  Flat. Near the down side target of 1262. Trade pressures are down but turning up, Volumes are bullish.

The next target down is 1262. A close above the 1304 level would signal higher.

 

SILVER_ SIN19

Weekly – In the uptrend . At support. Trade pressures are down. Volumes are bearish.

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

Price is moving up off the 14.84 downside target.

The next target down is 14.42.

A close above the 15.30 level would signal higher.

#copperfutures #goldfutures #silverfutures

COPPER_ HGK19

Weekly – Contract rolls the 25th of April. Trade pressures are up. Volumes are neutral. Strong resistance at the 2.98 level.

Daily – Flat. A beak out of the 2.94 channel sent price to the 2.99 level and then an immediate reversal to 2.92. Trade pressures are in the neutral zone. Volumes are bearish.

The  breakout has triggered the long trade. A test of the lower channel bound is at 2.91. we’ll see if it  can hold.

The next target up is the 3.00 level.

A close below the 2.90 level would signal lower.

 

GOLD_ GCM19

Weekly – Eight weeks drifting lower. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 1314 short entry level. Trade pressures are down. Volumes are bearish.

The next target down is 1262.

A close above 1308 would signal higher.

 

SILVER_ SIK19

Weekly – Pulling back to support in the weekly move up. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 15.34 short entry. Trade pressures are dwon but rising. Volumes are bearish.

The next target down is 14.34.

A close above 15,38 would signal higher.

#copperfutures #goldfutures #silverfutures

COPPER_ HGK19

Weekly – Contract rolls on the 17th. Trade pressures are up and declining. Volumes are neutral.

Daily – Flat. In the 2.89 – 2.94 trading range and  moving with the equity markets. Trade pressures are down. Volumes are bullish.

The short entry is 2.89.

The long entry is 2.94.

No surprise that price remains in that range.

 

GOLD_ GCM19

Weekly – Been in a pullback since the 1350 pivot high. Trade pressures are down. Volumes are bearish. Support is at 1250.

Daily – Flat. The 1284 support has held twice. Trade pressures are down into the neutral zone. Volumes are bearish.

Expect a retest of the 1288 downside target.

A close above the 1304. hourly resistance might signal a new move up.

 

SILVER_ SIK19

Weekly – A pullback in the uptrend. Trade pressures are down. Volumes are bearish.

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

In the move down from the 15.32 level and at the 14.82 downside target.

A close above 15.38 would signal higher.

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGK19

Weekly – Remains in the move down, but testing the resistance at 2.98. Trade pressures are up but turning down. Volumes are now bearish.

Daily – Flat. Tested the resistance at 2.98 and failed. Trade pressures are down into the neutral zone. Volumes are bearish.

Closed below the 2.90 short entry so, short at the open of the next session.

Stops at the 2.93 new long entry level.

 

GOLD_ GCM19

Weekly – Remains in the uptrend. Trade pressure are down. Volumes are bearish.

Daily – Flat. In the move down and at the 1288 downside target. Trade pressures are down. Volumes are bullish.

Oversold at this downside target, so expect a retracement move up. Look to short near the 1314 shot entry level.

A close above the 1318 would signal higher.

 

SILVER_ SIK19

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

Daily – Flat. In the move down from the 15.34 short entry level. Trade pressures are down but rising. Volumes are bullish.

At the 14.82 downside target. The next target down is 14.34.

A close above 15.38 would signal higher.

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGK19

Weekly – Six weeks testing the resistance at 2.98. Trade pressures are up but turned down. Volumes are neutral.

Daily- Flat. The short trade was stopped out at the entry price for no loss. Trade pressures are are up into the neutral zone. Volumes are now bullish.

A close above  2.93 level would signal a new long entry.

A close below the 2.89 level would signal a resumption of the short trade.

 

GOLD_ GCM19

Weekly – New June contract. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. In the new move down from the 1314 short entry level. Trade pressures are down. Volumes are bearish.

1288 is the next target down.

Stops would be the 1318 reversal point with a move to the entry as soon as the average true range permits.

A close above the 1318 level would signal higher.

 

SILVER_ SIK19

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

Daily – Flat. The new move up has been voided with a close below the 14.99 low pivot. Trade pressures are down. Volumes are bullish.

In the short cycle move down from the 15.35 short entry.

The next target down is 14.84.

A close above 15.47 would signal higher.

 

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGK19

Weekly – Remains in the downtrend. Trade pressures are down into the neutral zone.  Volumes are bearish.

Daily – Short. The Thursday run up in the stock market took the copper contract up with it and almost reached the 2.97 stop, but not quite. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is the the 2.82 daily uptrend support line; and then the 2.74 downside target.

A close above 2.94 would signal higher.

Set the new stop at the the short entry price of 2.90.

[3-29-19: Stopped out at the 2.90 entry price.]

 

GOLD_ GCJ19

Weekly – At the 1317 upside target. Trade pressures are up but declining. Volumes are neutral.

Daily – Flat. In the move down from the 1313 level. Trade pressures are up. Volumes are bullish.

A close below the 1303 level would signal a new move lower.

A close above 1321 would enter a new move up.

 

SILVER_ SIK19

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

Daily – Continues to consolidate and trade around the 15.42 short entry levels. Trade pressures are up. Volumes are bearish.

The next target down is 14.09.

A close above the 15.80 level would signal higher.

#copperfutures #goldfutures #silverfutures

COPPER_ HGK19

Weekly – Still in the downtrend wit resistance at the 3.00 level. Trade pressures are up. Volumes are bullish.

Daily – Short. In the move down from the 2.90 level. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 2.83.

A close above 2.97 would signal higher.

Stops are at the 2.97 level.

 

GOLD_ GCJ19

Weekly – In the uptrend. Trade pressures are up but turning down. Volumes are now neutral after three weeks of bearish.

Daily – Flat. In the move down from the 1313 short entry level. Trade pressures are down. Volumes are mixed, bearish and now neutral.

The prior short trade was stopped out at the 1300 level. Looking for a pullback to 1313 level. to re-enter a new short.

A close above the 1315 level would signal a new move up and there fore would act as the new stop as well.

 

SILVER_ SIK19

Weekly – In the uptrend. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. In the move down from the 15.42 level. Trade pressures are up into the neutral zone. Volumes are bearish.

The prior short trade was stopped out a t a breakeven. As with gold, looking for a re-entry.

A close above the 15.78 would signal higher and a new uptrend.

#copperfutures #goldfutures #silverfutures

COPPER_ HGK19

Weekly – Meeting upside resistance at the 3.00 level. Trade pressures are up. Volumes are now neutral.

Daily – Short. The close below 2.90 signals lower. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 2.82, the uptrend support line.

A close above 2.97 would signal higher.

Stops are at 2.97.

 

GOLD_ GCJ19

Weekly – Consolidating at the 1317 upside target. Trade pressures are up but rolling over. Volumes are bearish.

Daily – Flat. The  short trade was stopped out at the 1300 level for a profit. Trade pressures are down but rising. Volumes are bullish.

In the move down, but a close above 1315 would signal higher.

A close below 1284 would signal a resumption of the move down.

 

SILVER_ SIK19

Weekly – In an uptrend. Trade pressures are up but rolling over. Volumes are bearish.

Daily – Short. The short trade was entered at 15.42. Trade pressures are down but rising. Volumes are bullish.

The next target down is 14.00.

A close above the 15.50 level would signal higher.

The stop remains at the entry price, 15.42.

[3-12-19: stopped out at the 15.42 breakeven.]

#copperfutures #goldfutures #silverfutures

COPPER_ HGK19

Weekly – A resumption of the rally. Trade pressures are p. Volumes are bullish.

Daily – Flat. Near the end of the move up. Trade pressures are up and extended. Volumes are now bearish.

The next target up is 3.00.

A close below 2.90 would signal lower. Support is 2.83.

[3-8-19: traded below the 2.90. Now short. Set stops at 2.94.]

 

GOLD_ GCJ19

Weekly – The 1317 level was the consolidation area. Trade pressures are up. Volumes are now bearish.

Daily – Short. In the short trade from the 1313 entry level. Trade pressures are down. Volumes are bearish.

The next target down is the 1299 support level, then the 1263 target.

A close above 1323 would signal higher.

Set the stops to the 1313 short entry level.

[3-4-19: Lower the stops to 1300.]

[3-8-19: Stopped out at the 1300 stop. Will look for a continuation mover lower.]

 

SILVER_ SIK19

Weekly – The median line acts as resistance. Trade pressures are up but rolling over.

Daily – Short. Closed below the 15.42 support line. Trade pressures are down. Volumes are bearish.

The next target down is the lower median line at 14.82, then the 14.00 down side target.

Set stop at the short entry of 15.42.

A close above 15.68 would signal higher.

[3-12-19: stopped out at the short entry price of 15.42.]