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.

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.