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.

COPPER_ HGK18  #copperfutures

Weekly – The equity rally stopped the move down. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 3.22 level. Trade pressures are down but rising. Volumes are now bullish.

The next target down is 2.99.

A close above 3.16 would signal higher.

 

GOLD_ GCJ18  #goldfutures

Weekly – The 25×5 moving average is flat. Trade pressures are down. Volumes are bullish.

Daily – Flat. The new move up was triggered at 1332, then pulled back. Trade pressures are down. Volumes are neutral.

A close above the 1329 level would signal higher again.

The next target up is 1364, the prior pivot high.

A close below 1303 would signal lower. Use this level as a stop.

 

SILVER_ SIK18  #silverfutures

Weekly – Trending sideways to down. Trade pressures are down and trending. Volumes are bearish.

Daily – Flat. Series of wide ranging bars. Trade pressures are down Volumes are bearish.

Again, no trade.

COPPER_ HGK18  #copperfutures

Weekly – A long consolidation under the 3.27 weekly target. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 3.22 level. Trade pressures are down hard. Volumes are bearish.

At the 3.10 target now. The next target down is the 3.04 recent low pivot.

A close above 3.14 would restart the move up.

 

GOLD_ GCJ18  #goldfutures

Weekly – Now at the low end of the channel, at 1305. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the move down from the 1349 short entry. Trade presures are dwon but rising. Volumesare bearish to neutral.

The 1302 target was touched followed by a 20 point move up the next day, Friday.

The next target down is 1265.

A close above 1332 would signal higher.

 

SILVER_ SIK18  #silverfutures

Weekly –  In the move down from the 17.66 short level. Trade pressures are dwon ans trending. Volumes are bearish.

Daily – Flat. A move up was signaled, but has failed. Trade pressures are down. Volumes are bearish.

No direction. No Trade.

COPPER_ HGK18  #copperfutures

Weekly – 8 weeks testing the 3.27 level which is acting as resistance. Trade pressures are up. Volumes are bearish.

Daily – Flat. In a retracement down inside the move up from 3.13. Trade pressures are down into the neutral zone. Volumes are bullish.

The next target up is 3.42.

Resistance now at the downtrend line at 3.27.

A close below 3.20 would signal lower.

 

GOLD_ GCJ18  #goldfutures

Weekly – 5 weeks testing the resistance provided by the 1351 level. Trade pressures are down into the neutral zone. Volumes are bullish.

Daily – Flat. In a channel bounded by 1305 and 1370. Trade pressures are down. Volumes are bearish.

In a retracement move down from the 1349 level.

The next target down is 1302.

A close above 1370 would signal higher.

 

SILVER_ SIK18  #silverfutures

Weekly – Downward pressures and below the 25×5 moving average. Trade pressures are down and trending. Volumes are bearish.

Daily –  Flat. In the move down from the 17.28 level. Trade pressures are neutral. Volumes are bearish.

At the downward sloping median line and consolidating. The next target down is 15.81.

A close above the 16.67 level would signal higher.

COPPER_ HGH18  #copperfutures

Weekly – After a pullback to the 25×5 moving average ,now back at the 3.25 target and resistance. Trade pressures are up into the neutral zone. Volumes remain bearish.

Daily – Flat. In the move up from the 3.11 level. Trade pressures are up. Volumes are bullish.

At the 3.26 target and the downtrend resistance line. Expect consolidation.

The next target up is 3.40.

A close below 3.20 would signal lower.

 

GOLD_ GCG18  #goldfutures

Weekly – Third time back at the 1346 weekly target level. Trade pressures are up but declining. Volumes have changed from bearish to bullish.

Daily – Flat. The short trade stopped out mid week. In the move up from the 1339 level. Trade pressures are up. Volumes are mixed bullish to neutral.

The next target up is the 1370 high pivot , then 1387.

A close below the 1340 short entry level would signal lower.

 

SILVER_ SIH18 #silverfutures

Weekly – the upside retracement stalled at the 25×5 resistance level. Trade pressures are down. Volumes have changed from bearish to bullish.

Daily – Flat. Out of the short trade. In the move up from the 16.51 level. Trade pressures are up into the neutral zone. Volumes are mixed bullish to neutral.

At the 25×5 moving average resistance. The next target up is 17.40.

A close below 16.59 would signal lower.

COPPER_ HGH18  #copperfutures

Weekly – The 3.35 resistance help and the move down has begun. Trade pressures are down. Volumes have changed from neutral to bearish.

Daily – Short. In the move down from the 3.24 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 2.98.

A close above 3.11 would signal higher.

Set the stops at 3.11.

[2-13-18: stopped out at the 3.11 stop.]

 

GOLD_ GCJ18  #goldfutures

Weekly – Second week down after the double top. Trade pressures are up but declining. Volumes have turned from neutral to bearish.

Daily – Short. In the move down from the 1340 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 1291.

A close above 1339 would signal higher.

Set the stops at the 1340 entry price.

[2-13-18: lowered stops to 1330. stopped out.]

 

SILVER_ SIH18  #silverfutures

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

Daily – Flat. Stopped out early in the short trade. Trade pressures are down. Volumes are bearish.

The next target down is 16.003.

A close above 16.61 would signal higher.