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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.]

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COPPER_ HGN19

Weekly – Five weeks into this move down. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 2.91 level. Trade pressures are down. Volumes are bearish.

The next target  down is 2.63.

A close above 2.70 would signal a retracement up, probably only short covering.

 

 

GOLD_ GCM19  [roll to August, GCQ19]

Weekly – In the move down, consolidating at this 1280 level.

Daily – Flat. In this second leg down from 1288. Trade pressures are down but rising. Volumes are bullish.

The next target down is 1264.

A close above 1291, the upper median line would signal a retracement move up.

[5-30-19: Long triggered at the 1291 level.]

 

SILVER_ SIN19

Weekly – In a new move down. Trade pressures are down. Volumes are bearish.

Daily – Flat. Met the 14.42 downside target and now in consolidation. Trade pressures are up into the neutral zone. Volumes are now bullish.

Expect short covering up to 14.90.

The next target down is 14.00.

A close above the 14.90 level would signal a retracement move up.

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COPPER_ HGN19

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

Daily – Flat. In the move down from the 2.91 short entry. Trade pressures are down but rising. Volumes are bearish.

The next target down is 2.63.

A close above the 2.81 level would signal higher.

 

GOLD_ GCM19

Weekly – In a retracement move down inside the longer term move up. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. The 1300 target was reached and became resistance. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 1264.

A close above 1298 would signal higher.

 

SILVER_ SIN19

Weekly – In a new downtrend. Trade pressures are down. volumes are bearish.

Daily – Flat. In the move down from the 15.42 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 14.05.

A close above 14.90 would signal higher.

 

 

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COPPER_ HGN19

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

Daily – Flat. In the move down from the 2.91. level. Trade pressures are down. Volumes are bearish.

The next target down is 2.63.

A close above 2.77 would signal a retracement higher.

 

GOLD_ GCM19

Weekly – In a retracement down within the uptrend. Trade pressures are down but rising. Volumes are now neutral from bearish.

Daily – Flat. In the move down from the 1314 level. Trade pressures are up. Volumes are now bullish.

The  next target down is 1262.

The close above 1278 has started a short cycle retracement up with a possible 1300 target.

A close above 1304 would signal higher.

 

SILVER_ SIN19

Weekly – In the uptrend but the retracement has taken price down to the support level. Trade pressures are down. Volumes are bullish last week and now bearish.

Daily – Flat. In the move down from the 15.22 level. Trade pressures are in the neutral zone. The next target down is 14.42.

A close above 15.08 would signal higher.

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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.

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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.

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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.

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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.

 

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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.