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.

COPPER_ HGK18  #copperfutures (Roll to July 4-25)

Weekly – The weekly traded up to the 25×5 moving average n ear 3.15 then pulled back. Trade pressures are rising into the neutral zone. Volumes are neutral.

Daily – Flat. The long trade was stopped out for a gain as the pullback occurred. Trade pressures have changed to down. Volumes have changed to neutral.

Still in the move up from the 3.30 long entry. The next target up is 3.17. Expect a move higher after the cessation of strikes in Syria.

A close below 3.05 would signal lower. The hourly is oversold, so wait for an over bot on the hourly for a short confirmation.

 

GOLD_ GCM18  #goldfutures

Weekly – The geopolitical stress send gold higher to test the 1367 resistance once again. Trade pressures are up. Volumes have changed from neutral to bearish.

Daily – Flat. The spike higher earlier in the week was given back by the weekend. Trade pressures are up but turning down. Volumes are bearish to neutral.

In the move up from the 1339 long entry level. The next target up remains the 1388 level.

A close below the 1309 low would signal lower. Watch interest rates.

 

SILVER_ SIK18  #silverfutures

Weekly – Continuing the move sideways in the channel. Trade pressures have moved up. Volumes are now bullish.

Daily – Flat. Price has moved to the upper bound of the downtrend line. Trade pressures are up but turning down. Volumes are now neutral.

The long entry has been signaled at 16.58. But looking for the breakout confirmation above 16.81. A close back below the 25×5 moving average at 16.48 is a failure.

COPPER_ HGK18  #copperfutures

Weekly – So far support at the uptrend line has held. Trade pressures are down but extended. Volumes have changed from bearish to neutral.

Daily – Long. In the move up form the 3.03 long trigger level. Trade pressures are up into the neutral zone. Volumes are bullish.

The next target up is 3.17. Expect intermediate resistance at 3.09, the 25×5 moving average.

Stops at the recent low pivot at 2.93. Since this is a retracement trade in the downtrend, move the stops to break-even as soon as possible.

A close below 2.99 would signal lower.

[4-9-18: Mon AM – raise the stop to the entry price – 3.03.]

[4-11-18: raise stop to the 25×5 moving average – 3.07]

[4-12-18: stopped out in the overnight session @ 3.07, 4 pts up.]

 

GOLD_ GCM18  #goldfutures

Weekly – In a tight channel between the 25×5 moving average and the 1367 upside target. Trade pressures are up into the neutral zone. Volumes have changed from bullish to neutral.

Daily – Flat. In the move up from the 1339 long entry level triggered Mar 23rd. Trade pressures are down. volumes are bullish.

In the uptrend, but a shorter cycle move has started a  pullback. The next target down is 1321. The support line is at 1310.

With the weekly pressures rising, look for a move down toward the lower weekly channel boundary to consider a long entry.

 

SILVER_ SIX18  #silverfutures

Weekly – Long, slow downtrend. Trade pressures are down. and trending. Volumes are bearish.

Daily – Flat. Always hard for this method to trade silver. Trade pressures are down. Volumes are bearish to neutral.

Daily ranges routinely exceed the entry levels; so really trading volatility.

No entry.

COPPER_ HGK18  #copperfutures

Weekly – The weekly uptrend lines are holding support. Trade pressures are down. Volumes have changed to neutral.

Daily – Flat. The spike down to the 2.93 low might be a “wash and rinse”. Trade pressures are down but showing divergence. Volumes have changed to neutral.

Still in the move down with the next target down at 2.81.

A close above 3.03 would signal a new move up. The 200 day is at 3.06, so would want to trade over that as confirmation.

[4-5-18: Closed over the 3.06 level Thursday 3-4-18 which provides the confirmation. Now, looking for price improvement near the 3.03 to enter the long trade. Copper is tracking the S&P 500. Hourly is moving down so look for a reversal. ]

[4-5-18: set the stop at the pivot low of 2.93.]

 

GOLD_ GCM18  #goldfutures

Weekly – Six out of the last eight weeks have attempted to break above the 1367 weekly level. Trade pressures are rising into the neutral zone. Volumes are neutral.

Daily – Flat. The new contract long entry is 1339. Trade pressures have turned down. Volumes have changed to bearish.

Pulling back from an attempt to start a new move up. 1309 is the pivot low. Need a second move up through the 1339 level to restart the move up.

A close below the 1309 pivot would void the move up and signal lower.

No clear trade here. Wait.

 

SILVER_ SIK18  #silverfutures

Weekly – Grinding to the right in a well defined channel. Trade pressures are down but steadily rising. Volumes are bearish.

Daily – Flat. In a pull back after an attempt at a new move up. Trade pressures are down into the neutral zone. Volumes are bearish.

A close below the 16.10 low pivot is bearish and sets up 15.88 as a down side target.

The pivot low is 16.10 and should be support for another attempt at a long entry thru the 16.58 level. the hourly is oversold.

The problem with silver is the daily trading range often exceeds the entry levels and the stops,; usually pass a trade if that happens.

 

 

COPPER_ HGHK18  #copperfutures

Weekly – Broke down thru the 25×5 moving average line and now near the uptrend support line. Trade pressures are down. Volumes remain bearish.

Daily – Flat. Hard down this week to the 2.99 target. Trade pressures are down. Volumes are bearish.

The next target down is the 2.91. level at the median line.

A close above 3.06 would signal higher.

 

GOLD_ GCJ18  #goldfutures

Weekly – Back up near the multiple top level at 1361. Trade pressures are down but rising into the neutral zone. Volumes are now bullish.

Daily – Flat. In the move up from the 1329 level. Trade pressures are up. Volumes are mixed neutral to now bullish.

The next target up is 1364.

Support is at 1325, the 25×5 moving average.

 

SILVER_ SIK18  #silverfutures

Weekly – Remains in the year long downtrend. Trade pressures are down but rising. Volumes remain bearish.

Daily – Long. Tested the lows and rebounded with gold. Trade pressures are up. Volumes are now neutral.

The 16.58 level is the new long entry and price is just there now.

The next target up is 17.36.

Stops are at the 16.10 lows.

[3-26-18: quick start to the long silver trade. Raise the stops to break-even @ 16.58.]

[3-27-18: Out of silver at the 16.58 break-even.]

COPPER_ HGK18  #copperfutures

Weekly – Since the 2017 year-end breakout failure at 3.27 the weekly has been in a 20 cent trading range between 3.00 and 3.27. Trade pressures are down Volumes are bearish.

Daily – Flat. In the move down from the 3.20 short entry level. Trade pressures are up. Volumes are neutral.

Now consolidating at the 3.10 downside target. The next target down is 2.99.

The hourly is oversold. A close above 3.16 would signal higher.

 

GOLD_ GCJ18  #goldfutures

Weekly – After the double top at the 1351 target, now consolidating above the 25×5 moving average at 1312. Trade pressures are down. Volumes have changed from bullish to bearish.

Daily – Flat. Consolidating above the low pivot at 1305. Trade pressures are neutral. Volumes have changed to bearish.

A break below the 1305 pivot would activate the 1265 downside target.

A close above the 1329 long entry would signal higher.

 

SILVER_ SIK18  #silverfutures

Weekly – Remains in the downtrend while consolidating just under the 25×5 moving average. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In a retest of the recent lows. Trade pressures are down. Volumes are bearish.

The next target down is 15.81.

Hourly pressures are over sold. A close above 16.64 would signal higher.