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.

COPPER_ HGN18  #copperfutures

Weekly – Three weeks in a tight range. Trade pressures are in the neutral zone. Volumes remain neutral.

Daily – Flat. The long trade was taken out by the volatility. Trade pressures are up. Volumes are bearish.

Still in the long trade from the 3.08 level. The next target up is 3.17.

The hourly is meeting resistance along the downward sloping median line. 3.04 is a support level.

3.01 is the stop level for any long trade.

 

GOLD_ GCM18  #goldfutures

Weekly – Broke below the 25×5 moving average. Trade pressures are down. Volumes have turned from neutral to bearish.

Daily – Flat. Gold is considered a recession trade, primarily because of lowering interest rates. Trade pressures are down. Volumes are neutral.

The long trade was stopped out as gold pressures did not follow thru and broke the uptrend support line. Now sitting on the 1284 support level.

1298 would signal higher.

 

SILVER_ SIN18  #silverfutures

Weekly – In the long slow declining channel. Trade pressures are in the neutral zone. Volumes are neutral again.

Daily – Flat. A long trade was signaled, as was in gold. Trade pressures are in the neutral zone. Volumes are now bearish.

The long trade failed. The lack of weekly pressures prevented any follow thru.

The parameters remain the same, with the long entry at 16.55, The next target up at 17.34 and the stop level at the 16.07 low pivot. Wait for the pressures to confirm.

COPPER_ HGN18  #copperfutures

Weekly – The basing continues. Trade pressures have risen into the neutral zone. Volumes remain neutral.

Daily – Long. The move above the 25×5 has provided confirmation. Trade pressures are up. Volumes are now bullish.

Buy any pullback toward the 3.08 long entry level. The hourly is overbought, so watch for that oscillator to recycle.

Stops are at the Friday low of 3.05.

A close below 3.01 low pivot would signal lower.

[5-15-18: Stopped out in the premarket.]

 

GOLD_ GCM18  #goldfutures

Weekly – The weekly has pulled back to the 25×5 moving average. Trade pressures are down. Volumes have changed from bearish to neutral.

Daily – Long. The 1316 long entry has triggered. Trade pressures are down but rising. Volumes are now bullish.

The next target up is 1339, with the 25×5 at 1332.

Stops are at 1302. Raise these to the entry price as soon as the move appears to continue up.

A failure to hold 1302 would signal lower.

[5-15-18: Tuesday AM immediately stopped out for a loss]

 

SILVER_ SIN18  #silverfutures

Weekly – Remains below the 25×5 moving average. Trade pressures are still in the neutral zone. Volumes have changed from neutral to bullish.

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

The weekly does not confirm this trade.

A stop would be the low of last week at 16.33.

 

 

COPPER_ HGN18  #copperfutures

Weekly – At the lower boundary of the channel between 3.03 and 3.30. Trade pressures are up but trending lower and near the neutral zone. Volumes are neutral.

Daily – Flat. The first leg up went from the entry at 3.02 to the 3.20 target. Trade pressures are down but rising. Volumes are bearish.

Currently in the retracement move down to 3.01. Almost reached the next downside target at 2.99.

A close above 3.08 triggers a new move up. But the 25×5 moving average is at 3.10 acting as resistance, so need the confirmation of a close above that level.

 

GOLD_ GCM18  #goldfutures

Weekly – Four tests of the 1367 this 2018 year. Now in a three week pullback. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 1352 short entry. Trade pressures are down. Volumes are bullish.

At the 1302 target. The next target down is 1261.

The new long entry is 1316, but this would be a retracement trade and would be trading against the weekly downward pressures. So tight stops and move to break-even asap. The first target up is the 25×5 resistance at 1333.

 

SILVER_ SIN18  #silverfutures

Weekly – Still trending sideways along the flat 25×5 moving average. Trade pressures are down. volumes are now neutral.

Daily – Flat. In the move down from the 17.01 short entry level. Trade pressures are down but rising. Volumes are bullish to neutral.

The next target down is 15.76.

A close above 16.55 would signal higher. This is a retracement trade as the weekly pressures are down.

COPPER_ HGN18  #copperfutures

Weekly – The 25×5 provided resistance at the 3.18-3.20 level. Trade pressures are up. Volumes are neutral.

Daily – Flat. In the retracement move down from the 3.13 level. Trade pressures are down. Volumes are bearish.

The next target down is 2.99.

Currently at a median line parallel which may act as support. The hourly is oversold and may contribute to this support level. A close back above the 25×5 at 3.09 would signal higher.

 

GOLD_ GCM18  #goldfutures

Weekly – Did not breakout above the 1367 level. Trade pressures are now down. Volumes are still bearish.

Daily – Flat. In the move down from the 1353 short level. Trade pressures are down. Volumes are bearish.

In this megaphone channel, higher highs and lower lows, and very difficult to trade. Broke down thru the 25×5 moving average and now sitting on the uptrend support line.

The next target down is 1302.

A close above 1341 would signal higher.

 

SILVER_ SIN18  #silverfutures

Weekly – The attempt at a rally thru the 25×5 failed. Trade pressures are now back down into the neutral zone. Volumes have changed from bullish to bearish.

Daily – Flat. In the move down from the 17.06 short entry level. Trade pressures are down. Volumes are bearish.

At the 16.48 downside target and below the 25×5 moving average in bear territory. The next target down is 15.86.

The hourly is showing a drift to the right with no direction.

 

 

COPPER_ HGN18  #copperfutures

Weekly – New contract. Four weeks up. Trade pressures are up. Volumes are bullish. At the 25×5 resistance level.

Daily –  Flat. In the move up from the adjusted long entry at 3.04. Trade pressures are neutral. Volumes are mixed bearish to bullish.

This trade was previously stopped out on one of the early pullbacks. Trading continued to each technical level and retracing to finally meet the projected 3.18 profit target.

The next target up is 3.32.

A close below the 25×5 moving average at 3.08 would signal lower.

 

GOLD_ GCM18  #goldfutures

Weekly – In the uptrend. Looks poised for a breakout on the weekly chart. Trade pressures are up. Volumes are bearish.

Daily – Flat. The 1342 level is the long entry price for the retracement trade. Trade pressures are p but have turned down toward the neutral zone. Volumes are mixed, neutral to bearish.

Two levels of support: One at the 25×5 moving average at 1337. the other is the uptrend support line at 1320.

The next target up is 1391.

A close below the 1320 would signal lower.

 

SILVER SIN18  #silverfutures

Weekly – New contract. Still moving to the right in the channel. Trade pressures are up. Volumes ahve been very bullish.

Daily – Flat. In a new move up from the 16.67 level. Trade pressures are up. Volumes are bullish. The next target up is 17.46, which was almost met with the two day breakout move up.

Look for a pullback to the 17.00 level to enter the trade.

A close below 16.36 would stop out the trade.