#copperfutures #goldfutures #silverfutures

COPPER_ HGZ18

Weekly – Short covering took copper to test the weekly long entry at 2.87. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Flat. The long trade was stopped out at the entry price. Trade pressures are up but rolling over. Volumes are bearish.

Looking for more pull back and then a reentry at the 2.73 level.

The next target up is 2.89.

A close below the 2.68 uptrend support would signal lower.

GOLD_ GCZ18

Weekly – Still in consolidation after the move down to 1170. Trade pressures are down and trending. Vlumes are now neutral.

Daily – Flat. In a tight channel between 1193 and 1220. Trade pressures are up. Volumes are neutral.

A close above 1210 with bullish volume would signal higher.

A break of the 1170 low would signal lower.

SILVER_ SIZ18

Weekly – The prior Daily attempt higher could not turn the weekly. All about the Dollar. Trade pressures are down hard. Volumes are bearish.

Daily – Flat. Still in the move up off the 14.45 long entry. Trade pressures are in the neutral zone. Volumes are bearish to bullish.

Looking for a dip below the 14.45 for a reentry.

The next target up is 15.24.

A close below 14.12 would signal lower.

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ18

Weekly – A breakout week to the upside . Trade pressures are down but tuning up. Volumes are now bullish.

Daily – Flat. In the up trend after the break above the 25×5 moving average. Trade pressures are up. Volumes are bullish.

In the move up from the 2.74 long entry. The next target up is 3.03.

A close below the 25×5 moving average will signal lower.

Looking for a pull back to enter the long trade.

GOLD_ GCZ18

Weekly – In the weekly move down. Trade pressures are down but turning up. Volumes are bearish.

Daily – Flat. Both the 1193 downside target and the new long entry at 1197 are becoming a consolidation area. Trade pressures are down. Volumes are Bearish.

In the move up from the 1197 long entry and now above the 25×5 moving average.

Close at 1201. Enter the trade In the nite session of Sunday.

[9-24-18: Long at 1203, raise the stops to 1203] [9-24-18: market close and stopped out at breakeven. Will attempt another long entry lower]

SILVER SIZ18

Weekly – Continues the move down to the 13.69 weekly target. Trade pressures are down. Volumes are neutral.

Daily – Flat. In the move down. Trade pressures are rising into the neutral zone. Volumes are bullish.

The next target down is 13.67.

The next long entry is nearby at 14.45.

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ18

Weekly – In the move down, consolidating at the 2.74 level. Trade pressures are down and trending. Volumes remain bearish.

Daily –  Flat. In the move down from the 2.73 level. Trade pressures are up into the neutral zone. Volumes are mixed, bullish to neutral.

The next target down is 2.48.

A close above the 25×5 moving average and the downtrend resistance would signal higher.

GOLD_ GCZ18

Weekly – Remains in the move down. Trade pressures are down and trending. Volumes remain bearish. The next weekly target down is 1128.

Daily – Flat. In the new move up while consolidating at the 1193 level. Trade pressures are back down into the neutral zone. Volumes are bearish.

The next target down is 1142.

1197 has signaled a new move up. The move above the 25×5 has been negated by a subsequent close below the 25×5 moving average.

Now a close above the downtrend resistance line is required to restart a move up.

SILVER_ SIZ18

Weekly – In the move down toward the 13.59 weekly target. Trade pressures are down and extended. Volumes remain bearish.

Daily – Flat. In the move down from the 15.29 short entry. Volumes are mixed bullish to neutral. Trade pressures are down and trending.

The next target  down is 13.67.

A close above 14.54 is requires to restart any move up.

#copperfutures  #goldfutures  #silverfutures

COPPER_  HGZ18

Weekly – Consolidating around the 2.74 downside short entry level. Trade pressures are down and trending. Volumes remain bearish.

Daily – Flat. In the downtrend and still waiting for a new trigger for the long entry. Trade pressures are down. Volumes are bearish.

The next target down is 2.48.

A close above the 2,74 level is required to start a new leg up.

GOLD_  GCZ18

Weekly – The prior 1170 lows of 2016 seemed to be holding. Trade pressures are down and trending. Volumes remain bearish.

Daily – Flat. Remains in the May 2018 move down. Trade pressures are up into the neutral zone. Volumes are bearish.

The 1197 new long entry trigger has signaled the new up trade. However, waiting for a break above the 25×5 moving average to confirm the move up.

The next target down is 1159.

SILVER_  SIZ18

Weekly –  The two weeks of consolidation has failed. Trade pressures remain down. Volumes are bearish.

Daily – Flat. Remains in the move down after an attempt at a new long entry. Trade pressures remain down. Volumes are bearish.

The 14.43 downside target did not hold as support. The next target down is 13.67.

Need a close above the 25×5 moving average at 14.85 to signal a new move up.

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ18  (roll to December)

Weekly – Remains in the downtrend. Trade pressures are down and trending. Volumes are bearish. the next weekly target down is 2.36.

Daily – Flat. In the move up from the 2.74 long entry. Trade pressures are down into the neutral zone. Volumes have turned down into the weekend. The 25×5 moving average has acted as resistance as expected. The second time thru the 2.74 should be a trigger.

GOLD_ GCZ18

Weekly – Bounced off the Oct 2017 lows. Trade pressures remain down. Volumes remain bearish.

Daily – Flat. The retracement move up was triggered at the 1197 level. But waiting for confirmation thru the 25×5 moving average. Trade pressures are up but have turned down. Volumes remain bullish.

The next target up is 1245, if price gets thru the 25×5 moving average.

While still in the down tend, a close blow 1169 would signal lower once again.

SILVER_ SIZ18

Weekly – Remains in the downtrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the move up after crossing thru the 14.92 long entry. Trade pressures are up. Volumes are bearish.

As with gold, waiting for confirmation above the 25×5 moving average.

The next target up is 15.71.

14.43 is the downside target and the prior low.

COPPER_ HGU18  #copperfutures

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

Daily – Flat. Has traded up thru the 2.64 trigger for a retracement up. Trade pressures are up into the neutral zone. Volumes are neutral to bullish.

The 25×5 moving average at 2.70 is acting as resistance. Wait for that resistance to be breached. The next target up is 2.77.

A close below the low pivot at 2.56 would act as the stop.

GOLD_ GCZ18  #goldfutures

Weekly – Has traded down to the 1178 downside target. Trade pressures are down but rising slightly. Volumes remain bearish.

Daily – Flat. In a new retracement move up from the 1197 entry. Trade pressures are up into the neutral zone. Volumes are neutral to bullish.

The next target up is 1245, but need to get thru the 25×5 moving average at 1213 first.

A close below the low pivot at 1187 would be the stop.

SILVER_ SIU18  #silverfutures

Weekly – Remains in the move down. Trade pressures are down and trending. Volumes remain bearish.

Daily – Flat. In the move down from the 17.09 level. Trade pressures are down. Volumes are bearish to bullish.

14.80 is the new retracement long entry and has been tested once and failed.

The next target down is 13.91.

A close above the 15.03 and the 25×5 moving average would signal higher.

COPPER_ HGU18  #copperfutures

Weekly – In the weekly downtrend. Trade pressures are down. Volumes are bearish. Near a time cycle low.

Daily – Flat. The 2.68 target was touched, and after a small rally that level was retested early in the week and then failed a few days after the dollar futures broke above 95. Trade pressures are down. Volumes are now neutral.

Consolidating around the 2.68 target level.

Need a close above the 2.72 long entry trigger and the 25×5 moving average to get a new move up.

GOLD_ GCZ18  #goldfutures

Weekly – At a retest of the late 2017 lows. Trade pressures are down and extended. Volumes are  bearish.

Daily – Flat. At the end of a move down from the 1300 short entry level.
Trade pressures are down. Volumes are now bullish.

At the 1172 downside 3rd target and consolidating. The next target down is 1159.

A close above 1204 and the 25×5 moving average would signal a retracement move up.

SILVER_ SIU18  #silverfutures

Weekly – 10 weeks down. Trade pressures are down and extended. Volumes remain bearish.

Daily – Flat. At 14.31, the 1st target down of the second leg down. Trade pressures are down. Volumes are now neutral.

The next target down is 13.45.

A close above 14.80 would start a retracement up.

COPPER_ HGU18  #copperfutures

Weekly – Down to the prior weekly long entry which is the new short entry. Trade pressures are down and extended. Volumes remain bearish.

Daily – Flat. Moved down to the 2.68 target then moved up thru the new long entry. Trade press uses are up into the neutral zone. Volumes are bearish.

Consolidating at the new long entry. Need a move above the 25×5 moving average to confirm the second attempt at a new long trade.

The next target down is the weekly prior low at 2.57

GOLD_ GCZ18  #goldfutures

Weekly – Remains in the move down and thru the 1229 target. Trade pressures are down and trending. Volumes are bearish. The next weekly target down is 1129.

Daily – Flat. Continuing the move down – dollar up gold down? Trade pressures are trending down. Volumes remain bearish.

The next target down is 1182.

1226 is the new long entry, but need confirmation above the 25×5 moving average.

SILVER_ SIU18  #silverfutures

Weekly – In the move down and below the 15.65 downside target. Trade pressures are down and extended. Volumes are bearish.

Daily – Flat. As with Gold the precious metals are in consolidation and in a trigger for a new move up. Trade pressures are up into the neutral zone. Volumes remain bearish.

The next target down is the weekly 13.46.

A close above the 15.48 has occurred and has signaled a new long entry. But, must \wait for a move thru the 25×5 moving average to confirm.

COPPER_ HGU18  #copperfutures

Weekly – At the confluence of the prior long entry in early 2017 and the new multi year short entry at 2.71. Trade pressures are down. Volumes are neutral to bearish.

Daily – Flat. The prior attempt at a new long trade ran to the first target and the quickly retraced to get stopped out at the entry price. Trade pressures are down once again. Volumes are still bullish.

Also sitting on the long entry price of 2.76 but with downward pressures, need to wait for a crossover of the 25×5 moving average for confirmation.

GOLD_ GCZ18  #goldfutures

Weekly – Hard down in this move . Trade pressures are down and extended. Volumes are bearish.

Daily – Flat. Lots of short term trading opportunities reflective of the extended nature of this move down. Trade pressures are down and trending. Volumes are bearish to bullish.

The next target down is 1182.

1226 is the next long entry. but must wait for the trade pressures to change.

SILVER_ SIU18  #silverfutures

Weekly – At the first weekly target down. Trade pressures are down. Volumes are bearish.

Daily – Flat. At the 4th target down and showing consolidation. Trade pressures are down but rising. Volumes are bearish to bullish.

The next target down is the weekly 13.46 level.

A close above 15.48 would signal higher. But, as with gold, would want a confirmation of a close above the 25×5.