COPPER_ HGU18  #copperfutures

Weekly – The prior weekly long entry has held as support foe two weeks. Trade pressures are down. Volumes are bearish.

Daily – Flat. At the end of the move down from the 3.24 short entry. Trade pressures are down and trending. Volumes closed bullish on Friday.

At the 2.68 downside target.

A close above 2.76 would signal the start of a retracement trade up. Should see that in the next session?

GOLD_ GCQ18  #goldfutures

Weekly – The 1210 low touched the 1212 downside target and closed at 1231. Trade pressures are down. Volumes closed as bullish.

Daily – Long. The close above the 1224 long entry signals a retracement up. Trade pressures are down. Volumes are now bullish.

The next target up is 1247.

Set the stop at the 1210 low.

 

SILVER_ SIU18  #silverfutures

Weekly – Also at the weekly target levels. Trade pressures are down. Volumes are bearish.

Daily – Flat. At the 15.22 downside target. Trade pressures are down but showing divergences. Volumes are now bullish.

The 15.48 entry level has been triggered.  (But Gold is easier to trade, so – pass.)

The next target up is 16.97.

The stop is the 15.18 low pivot.

COPPER_ HGU18  #copperfutures

Weekly – Back to the July 2017 long entry price at 2.74. Trade pressures are down. Volumes remain bearish. Tariffs up, copper down?

Daily – Flat. Very near the final  2.68 downside target. Trade pressures are down and trending. Volumes remain bearish.

The next target down is the 2.68 level.

A close above 2.80 would signal a retracement of the move down.

 

GOLD_ GCQ18  #goldfutures

Weekly – In the weekly move down to the weekly 1212 target . Trade pressures are down and trending. Volumes are bearish.

Daily – Flat. The attempt at a new move up failed. The stops kept the loss at a break-even. Trade pressures are down but rising. Volumes are bearish once again.

The next target down is 1222.

A close above 1250 would signal another attempt at a retracement up of this move down.

 

SILVER_ SIU18  #silverfutures

Weekly – Testing prior lows. Trade pressures are down. Volumes are bearish.

Daily – Flat. Continuing the move down after a 4 day run up to test the start of a new move up. Failed. Trade pressures are down but rising. Volumes remain bearish.

The next target down is 15.40.

A close above 16.00 would signal another attempt at a retracement higher.

COPPER_ HGU18  #copperfutures

Weekly – Almost back to the June 2017 weekly long entry. Trade pressures are down. Volumes remain bearish.

Daily – Flat. Tariffs up, Copper down. Trade pressures are down and extended. Volumes are bearish turning neutral.

The next target down is 2.68.

A close above 2.86 would signal a retracement up.

 

GOLD_ GCZ18  goldfutures

Weekly – 12 weeks in this move down. Trade pressures are down and extended. Volumes remain bearish.

Daily – Long. The lower median line of the Andrews Pitchfork has acted as support. Trade pressures are down but rising. Volumes have changed to bullish.

The next target down is 1222.

A close above 1252 has occurred and triggered the new long entry for a retracement trade. As this is a retracement move inside the prevailing downtrend, take the first profit target at 1276.

Use the low pivot at 1238 as the stop.

[7-9-18: Raise the stop to the entry price of 1252]

[7-10-18: stopped out in the early AM @ $1252; breakeven]

 

SILVER_ SIU18  #silverfutures

Weekly – 4 weeks down on this move. Trade pressures are down into the neutral zone. Volumes remain bearish.

Daily – Flat. In the move down. At the pitchfork median line. Trade pressures are down, but rising. Volumes are bearish.

The next target down is 15.22.

A close above 16.10 would signal a retracement move up in this downtrend.

 

COPPER_ HGU18   #copperfutures

Weekly – Third week down. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the rapid move down from the 3,24 (new contract) level. Trade pressures are down and extended. Volumes remain bearish.

The next target down is 2.93.

A close above 3.02 would signal higher.

 

GOLD_ GCQ18  #goldfutures

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

Daily – Flat. In the move down from the 1315 level. Trade pressures are down. Volumes are bearish.

The next target down is 1222.

A close above 1261 would signal higher.

[7-4-18: Closed above the adjusted long entry of 1258 in holiday trading. Watch the 60 min tomorrow and enter as the trading pressures turn down and then back up.]

 

SILVER_ SIU18  #silverfutures

Weekly – Moving down toward the Dec 2017 lows. Trade pressures are down into the neutral zone. Volumes are mixed, neutral to bearish.

Daily – Flat. In the move down and now consolidating at the 16.06 target. Trade pressures are down and extended. volumes are mixed bearish to neutral.

The next target down is 15.22.

However, a new long entry trigger is at a nearby 16.26.

 

COPPER_ HGN18  #copperfutures

Weekly – Now at support just above the the MACD crossover. Trade pressures are down into the neutral zone. Volumes are bullish.

Daily – Flat. The short trade from the 3.26 entry was stopped out at the 2nd profit stop at 3.11. Trade pressures are down. Volumes remain bearish.

At the prior low pivot of 3.01. The next target down is 2.97.

A close above 3.07 would signal higher.

 

GOLD_ GCQ18  #goldfutures

Weekly – Testing the uptrend support line. Trade pressures are sown. Volumes are bearish.

Daily – Flat. Continuing the move down from the congestion at 1300. Trade pressures are down. Volumes are neutral.

At the 1264 downside target; number two. The next target down is 1222.

A close above 1276 would signal higher.

 

SILVER_ SIN18  #silverfutures

Weekly – The long slow move sideways continues with occasional burst to the upside. Trade pressures are up but  retreating to the neutral zone. Volumes are neutral.

Daily – Flat. In the move down from the 17.00 short entry. Trade pressures are down and trending. Volumes are neutral.

The next target down is 15.98.

A close above 16.49 would signal higher.

 

 

COPPER_ HGN18  #copperfutures

Weekly – The 3.30 old up side target level has rejected price once again. Trade pressures are now down into the neutral zone. Volumes are now bearish.

Daily – Short. In the move down from the 3.26 short entry in the retracement trade down.Trade pressures are still up but turning down. Volumes are bearish.

The Friday move down took out the 3.18 target. The next target down is 3.11.

Lower the stops to the the 3.18 prior downside target. Take the profit target at 3.11 (the contract rolls 6/26, so close before that day.)

A close back above 3.19 would signal higher.

[6-18-18: The 3.11 profit stop was triggered, out with a nice profit.]

 

GOLD_ GCQ18  #goldfutures

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

Daily – Flat. The upmove signal was never confirmed with the trade pressures. Trade pressures are still in the neural zone. Volumes are bearish.

The persistent weekly downward pressures were too much for the daily to overcome. The break down thru the prior low pivot sets up the 1264 downside target.

A close above 1292 would signal higher.

 

 

SILVER_ SIU18  #silverfutures

Weekly – Still in the side ways move although the weekly volatility is picking up. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. The breakout to the upside moved to one penny above the 17.34 upside target then turned down. Trade pressures are now down. Volumes are bearish.

The new short trigger is at 17.02. The first downside target has been met at 16.50. The next target down is 15.98.

A close back above the 17.33 target would signal higher

 

COPPER_ HGN18  #copperfutures

Weekly – The sharp rally to 3.30 continues. Trade pressures are up. Volumes are now bullish.

Daily – Flat. The long trade was stopped out at the 3.26 target for a $3000 profit per contract. Trade pressures are up and extended. Volumes are bullish.

The next target up is 3.42.

A close below 3.26 would signal lower. Would look for a pullback to reenter  the long trade.

 

GOLD_ GCQ18  #goldfutures

Weekly – Trending down to the uptrend support. Trade pressures are down and extended. Volumes remain bearish.

Daily – Flat. In a move up inside the longer cycle move down. Trade pressures are still in the neutral zone. Volumes are bearish.

Need a change in volume and a close above the 25×5 moving average at 1306.

The down move was stopped at the downside target price of 1289.

Now, at the long entry price of 1301. The next target up is 1323.

A close below the lower 1289 target would signal more downside; watch the dollar futures and interest rate futures.

 

SILVER_ SIN18  #silverfutures

Weekly – No direction. Trade pressures are in the neutral zone. Volumes are mixed neutral to bullish.

Daily – Flat. A breakout to the upside. Trade pressures are up. Two days of bullish volume.

Long trade from the 16.55 level. The next target up is 17.34.

A close below the 16.61 new short entry level would signal lower.

 

 

COPPER_ HGN18  #copperfutures

Weekly – In consolidation after meeting the 3.30 target level. Trade pressures are in the neutral zone. Volumes are neutral.

Daily – Flat. In the move down from the 3.10 short entry. Trade pressures are rising into the neutral zone. Volumes are still bearish.

Traded down to the 3.02 target level on Wednesday.

The next target down is 2.94.

A close above the 3.14 prior upside target level would signal a new move up.

[6-5-18: Long on the trade thru the 3.14 level. the close at 3.20 allows the stop to be moved up to the entry level at 3.14]

[6-6-18: raise stops to the new short entry level at 3.22.]

[6-7-18: New highs at 3.31. Is also the old weekly target level. Raise the stop to the 3.26 daily target level.]

 

GOLD_ GCQ18  #goldfutures

Weekly – Third week down and under the 25×5 moving average. Trade pressures are down and extended. Volumes are bearish.

Daily – Flat. In the move down from the 1316 short entry level. Trade pressures are down into the neutral zone. Volumes are mixed bullish to bearish.

A retracement up has stalled at the 1299 new long entry pivot.

The next target down is 1290.

A close above the 25×5 at 1310 would signal a new move up.

 

SILVER_ SIN18  #silverfutures

Weekly – Still moving sideways. Trade pressures are in the neutral zone. Volumes remain neutral.

Daily – Still in the downward sloping channel. Trade pressures are now up. Volumes are bullish.

A retracement move up has been signaled at 16.56. The next target up is 17.34.

Each recent move up has failed. There is resistance at the upper boundary of the downward channel

As usual, the volatility of the daily swings is a wider range than the distance between the entry level and the stops.

No trade.

COPPER_ HGN18  #copperfutures

Weekly – At the weekly support level of 3.02. Trade pressures are neutral. Volumes have changed from neutral to bullish.

Daily – Flat. In the move down from the 3.10 level. Trade pressures are down. Volumes have changed to neutral.

After the initial move down from the 3.12 level to the 3.04 level, the rally back to the 3.15 level was the retracement trade. Now in a new move down from the 3.10 level confirmed by the trade pressures.

The volatility is high making the stop levels wide and expensive. The stop is the recent high at 3.1485.

The next target down is 3.01.

 

GOLD_ GCQ18  #goldfutures

Weekly – Down thru the 25×5 moving average. Trade pressures are down. Volumes remain bearish.

Daily – Long. In the move up from the 1300 long entry. Trade pressures are up into the neutral zone. Volumes are now bullish.

The next target up is 1323.

Set stops at the 1286 low pivot. The hourly trade pressures have turned down so, move to the long entry level asap.

[5-29-18: raise the stop to the long entry at 1301.]

[5-30-18: stopped out for a break-even in the overnight session.]

 

SILVER_ SIN18  #silverfutures

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

Daily – Flat.In the move up from the 16.55 long entry level. Trade pressures are up. Volumes are bullish.

The next target up is the 17.00 resistance level.

A close below 16.20 would signal lower.