COPPER_ HGH18  #copperfutures

Weekly – Has traded thru the 3.25 level after some consolidation and retracement to the prior 2.98 level. Trade pressures are now up thru the neutral zone. Volumes are bullish.

The next weekly target up is 3.69.

Daily – Flat. Reached the 3.28 prior high and profit target. Continued on to the 3.30 level. Trade pressures are up and extended. Volumes are bullish.

The next target up is 3.53.

A close below 3.29 would signal lower.

 

GOLD_ GCG18  #goldfutures

Weekly – Three weeks up. Trade pressures are up. Volumes have changed from neutral to bullish.

Daily – Flat. The 1273 long entry was taken out at the first profit level of 1295. Trade pressures are up. Volumes are bullish.

The next target up is 1332.

A close below 1279 would signal lower.

 

SILVER_ SIH18  #silverfutures

Weekly – Back to the 17.09 weekly long entry. Trade pressures are up. Volumes have changed from neutral to bullish.

Daily – Flat. In the move up from the 15.92 long entry. Trade pressures are up. Volumes are bullish and rising.

The next target up is 17.49.

A close below 16.43 would signal lower.

 

 

COPPER_ HGH18  #copperfutures

Weekly – The 25×5 moving average provided the necessary support. Price turned higher at this 2.97 level. Trade pressures are rising into the neutral zone. Volumes are bullish.

Daily – Long. In the move up from the 3.03 long entry. Trade pressures are up. Volumes are bullish.

Thru the 3.12 and 3.17 targets. The next target up is the prior high at 3.28, then the 3.30 level.

A close below 3.16 would signal a retracement down.

The stop now is 3.17. Take profits at the 3.28 pivot or the current stop whichever comes first.

[12-26-117: Trade up to 3.30 the day after Christmas, stopped out at the 3.28 prior high. Very nice profit.]

 

GOLD_ GCG18  #goldfutures

Weekly – Tested support successfully at the mid 1230’s. Trade pressures are up into the neutral zone. Volumes have changed from bearish to neutral.

Daily – Flat. In a retracement move up from the 1243 level, but still in the downward sloping channel. Trade pressures are rising into the neutral zone. Volumes are bullish but declining.

At  the upper bound if the down channel. The next retracement target up is 1295. A close above 1273 (was 1283, corrected to 1273) would signal a new longer term move up.

If the break out occurs then the next target up is first the 1295, then the 1332.

All stops will begin at the 1238 low pivot.

[12-26-17: gold opened at 1279, above the 1273 entry. Long at the opening 1279. Set the stop at the 1273 level.]

[12-27-17: Raise the stop to 1279.]

[12-28-17: Sell. Reached the 1295 target and the trading last day of the year.]

 

SILVER_ SIH18  #silverfutures

Weekly – In a two week move up from the retest of the 15.32 lows. Trade pressures are down. Volumes have changed from bearish to neutral.

Daily – Flat. The long entry of 16.39 has been triggered, but waiting for some weekly confirmation or a move up in the daily trade pressures. Trade pressures are rising into the neutral zone. Volumes are low but bullish.

Price is rising to meet the 25×5 moving average resistance. If penetrated, the the next target up is 16.78.

Best to wait.

 

 

COPPER_ HGH18  #copperfutures

Weekly – After consolidating these last six weeks, this prior week move below 3.05 represents a break down. Trade pressures are down. Volumes are down.

Daily – Flat. In the move down from the October sell levels of 3.19. Trade pressures are down. Volumes are bearish.

Thru the first target of 3.05. The next target down is 2.90.

A close above 3.03 would signal higher.

[12-13-17: Long. The 3.03 has been triggered.]

[12-19-17: Raise the stop to the 25×5 moving average at 3.08.]

[12-20-17: Now 3.20 and at the old short entry of 3.19. Raise stops to the 3.17 target. The next target up is the prior high pivot at 3.28.]

 

GOLD_ GCF18  #goldfutures

Weekly – Still in this wide trading range; now at the bottom and at support. Trading pressures are down. Volumes are bearish.

Daily – Flat. Now in a new downtrend from the 1292 level. Trading pressures are down. Volumes are bearish.

The next target down is 1231.

A close above 1280 would signal higher.

 

SILVER_ SIH18  #silverfutures

Weekly – Dropped out of the consolidation area also. Trade pressures are down. Volumes are bearish.

Daily – Flat. A  sharp move down from the 17.02 short entry and almost to the 15.53 full move target. Trade pressures are down. Volumes are bearish.

The next target down is 15.53.

A close above 16.37 would signal higher.

COPPER_ HGH18  #copperfutures

Weekly – Still consolidating at the 3.25 upside target. Trade pressures remain down into the neutral zone. Volumes are mixed  – neutral to bearish.

Daily – Flat. The long trade rallied to the 3.20 resistance and pulled back to the stop at the entry level. Trade pressures are down. Volumes are bearish.

The Daily long trade was a counter trend rally and profits should have been taken at the first upside target.

The next target down is 3.05.

A close above 3.14 would signal higher.

 

GOLD_ GCG18  #goldfutures

Weekly – Remains in consolidation. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. No trend. Trade pressures are down.Volumes are bearish.

In the move down from the 1323 short entry level. The next target down is 1251.

A close above 1303 would signal a new move up .

 

SILVER_ SIH18  #silverfutures

Weekly – Seems to have broken down. Trade pressures are down into the neutral zone.

Daily – Flat. The trade below the low pivot of 16.44 has confirmed the short entry at 17.10. Trade pressures are down. Volumes are bearish,

The next target down is 15.64.

A close above 17.16 would signal higher.

COPPER_ HGZ17  #copperfutures

Weekly – Making another move toward the the weekly target of 3.23. Trade pressures are down in the neutral zone. Volumes have changed from neutral top bullish.

Daily – Long. The move up thru the 3.09 level on 11-20 has restarted the move up. Trade pressures are up. Volumes are now bullish.

The next target up is 3.18.

The stop is the 3.03 low pivot.

11-27-17: raise the stop to the long entry of 3.09.

11-29-17: stopped out at break even.

 

GOLD_ GCZ17  #goldfutures

Weekly – The 25×5 moving average has held while price consolidates. Trade pressures are up. Volumes are bullish.

Daily – Flat. 1298 remains the next long entry . Trade pressure are rising into the neutral zone. Volumes are bullish.

Support is still at the 1265 level.

 

SILVER_ SIZ17  #silverfutures

Weekly – As is gold, Silver is consolidating at the 25×5 moving average. Trade pressures are up but rolling over. Volumesa re now neutral.

Daily – Flat. The 17.06 long entry has not produced any momentum. Trade pressures are still in the neutral zone. volumes returned to bearish.

The next target up is 17.49.

A close below 16.57 restarts the move down.

 

COPPER_ HGZ17  #copperfutures

Weekly – Treading water. Trade pressures are down into the neutral zone. Volumes are neutral.

Daily – Flat. The short entry was quickly stopped out at the entry price. Trade pressures remain neutral. Volumes are bearish.

The trade continues down, The next target down is 3.02.

A close above 3.09 would signal higher.

 

GOLD_ GCZ17  #goldfutures

Weekly – Remains in the uptrend. Trade pressures are now up. Volumes are bullish.

Daily – Flat. Never broke down. Trade pressures are rising in the neutral zone. Volumes are now bullish.

The next long entry is 1298.

A close below 1262 would signal lower.

 

SILVER_ SIZ17  #silverfutures

Weekly – Stuck at the long entry price. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from 17.06. Friday was the first sustained move up. Trade pressures are up. Volumes are now bullish.

The next target up is 17.49.

A close below 16.57 would stop the move up.

COPPER_ HGZ17  #copperfutures

Weekly – Still in the pullback from the 3.23 target. Trade pressures are up but declining. Volumes remain neutral.

Daily – Short. The break of the 25×5 moving average at 3.13 confirms the earlier short signal. Trade pressures are down. Volumes are bearish.

The next target down is 3.02.

A close above 3.13 would signal higher.

Stops at 3.13.

[11-13-17: stopped out for a break-even.]

 

GOLD_ GCZ17  #goldfutures

Weekly – A four week sell down followed by a five week consolidation appears to setting up a second leg down. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the consolidation. Trade pressures are down into the neutral zone. Volumes are mixed, bullish to bearish.

A close below the 1262 support would signal lower.

A close above the old long entry at 1298 would signal higher.

 

SILVER_ SIZ17  #silverfutures

Weekly – In a similar consolidation as Gold. Trade pressures are up into the neutral zone. Volumes are bearish.

Daily –  Flat. Directionless. Trade pressures are down. Volumes are mixed neutral to bearish.

A break below the 16.57 support would signal lower. The next target down is 16.29.

A close above 17.06 would signal higher.

COPPER_ HGZ17  #copperfutures

Weekly – In consolidation after reaching the 3.23 target. Trade pressures are up. Volumes have changed from bearish to neutral.

Daily – Flat. In a wedge formation, the decision point is expected before the 20th of November.Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 3.02.

A move above 3.17 would signal higher.

 

GOLD_ GCZ17  #goldfutures

Weekly – Now five weeks of consolidation at the 25×5 moving average at 1275. Trade pressures are down. Volumes are bearish.

Daily – Flat. Also in consolidation at the 1263 support line. Trade pressures are down but rising. Volumes are mixed neutral to bearish.

The next target down is 1246.

A close above 1298 would signal higher.

 

SILVER_ SIZ17  #silverfutures

Weekly – The weekly remains in consolidation at the long entry price of 16.99. trade pressures are now down. Volumes are bearish.

Daily – Flat. Four down days of trading have held at the 16.57 support line. Trade pressures are neutral. Volumes are now bearish.

The next target down is 16.29.

A close above 17.06 would start a new move up.

COPPER_ HGZ17  #copperfutures

Weekly – In the retracement after meeting the 3.23 weekly target. Trade pressures are up. Volumes are bearish.

Daily – Flat. In the move down from the 3.15 short entry level. Trade pressures are up but turning down. Volumes have changed to bearish.

The next target down is 3.02.

A close above 3.21 would signal higher.

 

GOLD_ GCZ17  #goldfutures

Weekly – Traded up to the Oct 2016 highs and now in retracement. Trade pressures are down. Volumes are bearish.

Daily – Flat.  At the early October pivot of 1263. Trade pressures are down. Volumes are  Bearish.

The next target down is 1248.

A close above 1298 would signal higher.

 

SILVER_ SIZ17  #silverfutures

Weekly – In consolidation at the weekly long entry. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Flat. In the move up from the break above the 17.06 long entry. Trade pressures are down. Volumes are bearish.

The next target up is 17.87.

This retracement down has reached support at 16.75.

A close below 16.29 would signal lower.

 

 

COPPER_ HGZ17  #copperfutures

Weekly – The second move up was stopped at the 3.23 upside target up. Trade pressures are up. Volumes Have changed to bearish from bullish.

Daily – Flat. The long trade was stopped out at the 3.17 stop for a nice gain. Trade pressures are up and extended. Volumes are neutral to bearish.

The next target up is 3.68.

Now consolidating at the 3.23 target. Expect some retracement.

A close below 3.15 would signal lower.

 

GOLD_ GCZ17  #goldfutures

Weekly – Back down to the 25×5 moving average. Trade pressures are down but rising. Volumes are now bearish.

Daily – Flat. The attempt at a long trade was quickly stopped out. Trade pressures are down but rising. Volumes are now bearish.

The next target down is 1248.

A close above 1298 would signal a new move up.

 

SILVER_ SIZ17  #silverfutures

Weekly – Sitting on the the long entry price, but no momentum. Trade pressures are up. Volumes are neutral.

Daily – Flat. The first long entry attempt was stopped out. Trade pressures are down. Volumes are now bearish.

The long trade entry of 17.06 is still active but will need a change in volumes.