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.

COPPER_ HGH18  #copperfutures

Weekly – Remains in the consolidation mode. Trade pressures are down. Volumes have returned to neutral from bullish.

Daily – Short. In the move down from the 3.24 short entry level. Trade pressures are neutral. Volumes are mixed; bullish to bearish.

The next target down is 3.11 once again.

A close above 3.30 would signal higher.

Set the stop at 3.29.

[2-5-18: Lower stops to the 3.24 entry level.]

[2-8-18: lower stops to 3.15.]

 

GOLD_ GCJ18  #goldfutures

Weekly – The weekly double top has formed. Trade pressures are up and trending. Volumes have changed from bullish. to neutral.

Daily – Short. In the new move down form the 1340 short entry. Trade pressures are in the neutral zone. Volumes are bearish.

The next target down is 1291.

A close above 1360 would signal higher.

Set the stop at 1360.

[2-6-18: Lower stops to the 1340 entry price.]

[2-8-18: Lower stops to 1330.]

 

SILVER_ SIH18  #silverfutures

Weekly – Remains in the downtrend. Trade pressures are down. Volumes have changed from bullish to bearish.

Daily – Short. In the move down from the 17.05 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 16.00.

A close above 17.00 would signal higher.

Set the stops at 17.00.

[2-5-18: lower stop to 16.86.]

[2-6-18: Silver was stopped out overnight at the 16.86 level for a small gain.]

COPPER_ HGH18  #copperfutures

Weekly – Consolidating at the 3.26 level; with a downward bias. Trade pressures are down. Volumes have changed form neutral to bullish.

Daily – Flat. Trade down to the 3.11 downside target and then bounced back to the short entry level. Trade pressures are up. Volumes have changed from bullish to neutral.

The next target down is a retest of the 3.11 level.

This close above 3.19 is signaling a new move up. But with the downward weekly pressures; It is best to wait.

 

GOLD_ GCJ18  #goldfutures

Weekly – A retest of the Sept highs. Trade pressures are up and trending. Volumes remain bullish.

Daily – Flat. At the expected upside levels. Trade pressures are up but showing some divergence. Volumes are bullish.

The next target up is 1394.

A close below 1340 would signal lower.

 

SILVER_ SIH18  #silverfutures

Weekly – At the upper boundary of the channel described by 16.40 and 17.60. Trade pressures are up and trending. Volumes are now bullish.

Daily – Flat. At the 17.49 upside target. Trade pressures are neutral.  Volumes are bullish.

The next target up is 18.69.

A close below 17.05 would signal lower.

COPPER_ HGH18  #coppperfutures

Weekly – In a retracement down off the 3.25 level. Trade pressures are up, but turning down. Volumes remain neutral.

Daily – Flat. The holiday volatility caused the short trade to be stopped out at the break-even level. Trade pressures continue down. Volumes are bearish.

The short trade could have been re-entered. the next target down is 3.11.

A close above 3.28 would signal higher.

 

GOLD_ GCG18  #goldfutures

Weekly – Testing resistance at the 1346 level. Trade pressures are up. Volumes are bullish.

Daily – Flat. In consolidation at the 1332 level. Trade pressures are up but turning down. Volumes are still bullish.

The next target up is 1390.

A close below 1314 would signal lower.

 

SILVER_ SIH18  #silverfutures

Weekly – A double bottom; but now at the top of the channel. Trade pressures are up. Volumes have changed from bullish to bearish.

Daily – Flat. Wide ranging bar almost touching the 17.49 level. Trade pressures are up but have turned down. Volumes have changed from bullish to neutral.

The next target up is 17.49.

A close below 16.81 would signal lower.

COPPER_ HGH18  #copperfutures

Weekly – Pulling back from the 3.25 target. Trade pressures are up. Volumes are now neutral.

Daily – Short. The upside target of 3.30 has been met and the short entry of 3.24 was triggered. Trade pressures are up but turning down. Volumes are bearish.

The next target  down is 3.12.

A close above the 3.32 pivot would signal higher.

Lower the stop to the entry price at 3.24.

[1-15-18: stopped out for a break-even in Holiday trading.]

 

GOLD_ GCG18  #goldfutures

Weekly – Fifth week up. Trade pressures are up. Volumes are bullish.

Daily – Flat. Made a little money at the 1295 target. Trade pressures are up and trending. Volumes are bullish.

At the 1332 target. The next target up is 1390.

A close below 1310 would signal lower.

 

SILVER_ SIH18  #silverfutures

Weekly – Up off the double bottom at 1650. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 16.34 level. Trade pressures are up but turning down. Volumes are bearish.

The next target up is 17.49.

A close below 16.68 would signal lower.

COPPER_ HGH18  #copperfutures

Weekly – The trade up thru the weekly 3.25 level has stalled. Trade pressures are up. Volumes have changed from bullish to neutral.

Daily – Short. The close below the 3.24 short entry level has triggered the new move down. Trade pressures are up but rolling over. Volumes have changed to bearish.

The next target down is 3.15.

A close above 3.30 would signal higher.

Use 3.30 as the buy stop.

 

GOLD_ GCG18  #goldfutures

Weekly – Remains in the move up from 1255. Trade pressures are up. Volumes are bullish.

Daily – Flat. Trade pressures are up and extended. Volumes are bullish.

The long trade was stopped out at the prior high pivot. the next target up is 1332.

A close below 1297 would signal a new move down.

 

SILVER_ SIH18  #silverfutures

Weekly – Remains in the down trend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Trade pressures are up and extended. Volumes are bullish.

The next target up is 17.49.

A close below 16.43 would signal lower.