COPPER_ HGZ17  #copperfutures

Weekly – In the new move up. Trade presuree are up. Volumes are now bullish.

Daily – Long. In the new move up from the 3.05 entry. Trade pressures are up. Volumes remain bullish.

Now at 3.14, he next trade level up is 3.17, the prior swing high.

Use the 25×5 moving average as the stop, currently at 2.99.

A close below the 25×5 would signal lower also.

[10-17-17: raise stop to 3.17]

 

GOLD_ GCZ17  #goldfutures

Weekly – Bouncing up off the 25×5 moving average support. Trade pressures are rising into the neutral zone. Volumes have changed from bearish to neutral.

Daily – Long. The upward retracement has triggered a new long entry at 1298. Trade pressures are up. Volumes are bullish.

Now at 1305, set the stop at the entry price, as we are still below the 25×5 moving average and in bearish territory.

The next target up is 1338.

[10-16-17: trade was stopped out at the entry price.]

 

SILVER_ SIZ17  #silverfutures

Weekly – The two week rally still has not moved silver out of bear territory. Trade pressures are up. Volumes have changed from bearish to neutral.

Daily – Long. Similar to gold, the trading rally off the downside targets has triggered a new long entry at 17.06. Trade pressures are just up. Volumes are bullish.

The next target up is 17.87.

Use the 25 x 5 as the stop, currently 17.12.

A trade back below the 25×5 would signal lower.

[10-17-17: trade stopped out for a small gain at 17.12]

 

COPPER_ HGZ17  #copperfutures

Weekly – The 2.95 level continues to act as support. Trade pressures are up but down near the neutral zone. Volumes remain bearish. The next weekly target up is 3.20.

Daily – Flat. Testing the new long entry level at 3.05. Trade pressures are rising into the neutral zone. Volumes are now bullish.

The next target up is the old 3.17 pivot high.

A close below the 25×5 moving average would signal lower.

 

GOLD_ GCZ17  #goldfutures

Weekly – At the 25×5 support level, 1274. Trade pressures are down. Volumes remain bearish.

Daily – Flat. Took profit at the 1277 stop for a nice gain. Trade pressures are down and trending. volumes closed as bullish on Friday.

At the 1267 downside target. Expect consolidation and perhaps an upward retracement.

A close above 1298 would signal higher.

 

SILVER_ SIZ17  #silverfutures

Weekly – Has dropped down thru the 25×5 moving averages at 16.79. Trade pressures are down and oversold. Volumes are bearish.

Daily – Flat. The short trade was stopped pout at the 16.64 level. Trade pressures are down and trending. Volumes have changed to bullish.

The next target down is 15.62.

A close above 17.06 would signal higher.

 

COPPER_ HGZ17  #copperfutures

Weekly – Consolidating at the 2.95 upside target level after a run to the 3.20 target. Trade pressures are up but declining into the neutral zone. Volumes remain bearish.

Daily – Flat. The 10 pt rally from the 2.89 level triggered the stop. Trade pressures are down but rising. Volumes are bullish.

In the move down from the 3.00 level. The next target down is 2.80.

A close above the 3.05 level would signal higher.

 

GOLD_ GCZ17  #goldfutures

Weekly – Three weeks into the pullback after the spring run-up. Trade pressures are down, Volumes are bearish.

Daily – Short. In the move down from the 1318 level. Trade pressures are down and trending. Volumes remain bearish.

The next target down is 1267. Take profits at this level.

The stop is now 1316.

[10-3-17: Lower stops to the hourly resistance at 1277.] [Stopped out at the new 1277 stop.]

 

SILVER_ SIZ17  #silverfutures

Weekly- Three weeks into the pullback. Trade pressures are down. Volumes are bearish.

Daily – Short. In the move down from the 17.66 level. Trade pressures are down. Volumes are down.

The next target down is 16.64. The low for the week was 16.65. Take profits at this 16.64 target.

Lower the stop to 16.93.

A close above 17.37 would signal higher.

[Sunday evening 1-1-17: stopped out for a gain at 16.64]

COPPER_ HGZ17  #copperfutures

Weekly – Consolidating at the old 2.95 weekly upside target. Trade pressures are up but declining. Volumes are bearish.

Daily – Short. In the move down from the 3.08 short entry. Trade pressures are down hard. Volumes have changed from bearish to bullish.

The next targets down are 2.84 and 2.80. Take profits at the 2.84.

The stop is now the 2.99 pivot.

A close above 3.05 would signal higher.

[9-28-17 Update: Stopped out of the short trade at the 2.99 stop for a gain.]

 

GOLD_ GCZ17  #goldfutures

Weekly – Remains in the pullback. Trade pressures are down into the neutral zone. Volumes have changed from neutral to bearish.

Daily –  Short. In the move down from the 1318 level. Trade pressures are down. Volumes are bearish.

The next target down is 1267. Take profits at this level.

The stop is now at the 1318 entry price.

A close above 1327 would signal higher.

[9-28-17: lower the stop to 1316.]

 

SILVER_ SIZ17  #silverfutures

Weekly – At the weekly long entry of 16.99. Trade pressures are down. Volumes are now bearish.

Daily – Short. In the move down from the 17.66 level. Trade pressures are down. Volumes are bearish.

The next target down is 16.64. Take profits at this level.

The stop is now the 25×5 moving average resistance at 17.50.

A close above 17.58 would be the new long entry signal.

[9-28-17: Lower the stop to 17.30.]

COPPER_ HGZ17  #copperfutures

Weekly – Two week pullback in this 12 week run up. Trade pressures are up but declining. Volumes are bearish.

Daily – Short. In the move down from the 3.08 entry. Trade pressures are down. Volumes are neutral.

The next target down is 2.80.

A close above 3.08 would signal higher.

The current stop is 3.02.

[9-21-17: lower stop to 2.99. Take profit at the 2.80 level.]

 

GOLD_ GCZ17  #goldfutures

Weekly – In the move up from 1249. Trade pressures are up. Volumes are neutral.

Daily – Short. The 1318 level has triggered the new move down. Trade pressures are down. Volumes are bearish.

The next target down is 1303.

The 25×5 moving average should act as nearby support.

A close above 1344 would signal higher.

Set the stops at 1344.

[9-21-17: The 1303 target has been met. The next profit target down is 1267. Take profit at 1267. Lower stop to 1318, the entry price]

 

SILVER_ SIZ17  #silverfutures

Weekly – The 1847 downtrend line has acted as resisitance. Trade pressures are down into the neutral zone. Volumes are now neutral.

Daily – Short. The 17.66 level has signaled a new short. Trade pressures are down. Volumes are bearish.

The next target down is 16.95 and 16.64.

Price is now below the 25×5 moving average. Use that level as the stop, 17.50.

A close above 17.83 would signal higher.

[9-21-17: lower stop to 17.50. The next target down is 16.64. Take profit at this level.]

COPPER_  HGZ17  #copperfutures

Weekly – An engulfing bar suggesting a reversal. Trade pressure are up. Volumes have changed from bullish to bearish. The next weekly target up remains 3.22.

Daily –  Short. In the move down from 3.08. Trade pressures are up but declining. Volumes are now bearish.

The 3.17 high was just short of the remaining daily target up of 3.22.

The next target down is 2.98.

Set the stop at 3.17.

[9-12-17: Lower stops to the 3.08 short entry]

[9-14-17: Lower stops to 3.02.]

 

GOLD_ GCZ17  #goldfutures

Weekly – Continuing the move up after the breakout. Trade pressures are up. Volumes are bullish. 1403 would test the 2016 highs.

Daily – Flat. In the move up from the 1249 entry price. Trade pressures are up. Volumes remain bullish.

The next target up is 1375.

A close below 1318 would signal lower.

 

SILVER SIZ17  #silverfutures

Weekly – Remains in the downtrend, but having a nice rally. Trade pressures are up Volumes are bullish.

Daily – Flat. In consolidation above the 17.99 upside target. Trade pressures are up. Volumes are bullish.

The next target up is 18.71.

A close below 17.66 would signal lower.

 

COPPER_ HGZ17  #copperfutures

Weekly – Eight up weeks in a row. Trade pressures are up. Volumes remain bullish. The next weekly target up is 3.22.

Daily – Flat. In the move up from 2.68, Trade pressures are up but showing some divergence. Volumes are bullish.

The next level up is 3.23.

A close below 3.04 would signal lower.

 

GOLD_ GCZ17  #goldfutures

Weekly – A Breakout of the channel top at 1300. Trade pressures are up. Volumes are bullish.

Daily – Flat. Trade pressures are up but with lower highs. Volumes remain bullish.

The next target up is 1341.

A close 1290 would signal lower.

 

SILVER_ SIZ17  #silverfutures

Weekly – A two week rally in the downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from 16.61. Trade pressures are up but showing divergences. Volumes remain bullish.

The next target up is 17.99.

A close below 17.20 would signal lower.

COPPER_ HGU117  #copperfutures

Weekly – The 2.94 weekly upside target has provided support in this June to August rally. Trade pressures are up. Volumes remain bullish.

Daily – Flat. At the 3.00 upside target. Trade pressures are up but showing some divergence. Volumes are bullish.

The next target up is 3.09.

A close below 2.96 would signal lower.

 

GOLD_ GCZ17  #goldfutures

Weekly – At the top of the 1200-1300 channel. Trade pressures are up and extended. Volumes are bullish.

Daily – Flat. In the move up from the 1248 level. Trade pressures are down into the neutral zone. Volumes remain bullish.

The next target up is 1370.

A close below 1283 would signal lower.

 

SILVER_ SIU17  #silverfutures

Weekly – Still below the 25×5 moving average and in the May downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Have rallied in this downtrend to 17.21. Trade pressures are down into the neutral zone. Volumes are mixed neutral to bullish.

The next target up is 17.91.

A close below 16.65 would signal lower.

COPPER_ HGU17  #copperfutures

Weekly – At the 2.94 upside target. Trade pressures are up. Volumes are bullish. The next weekly  target up is 3.22.

Daily – Flat. In the move up from the 2.68 entry for the second leg up. Trade pressures are up but beginning a decline. Volumes are bullish.

Consolidating above the 2.86 upside target. The next daily target up is 3.00.

A close below 2.86 could signal a new move lower.

 

GOLD_ GCZ17  #goldfutures

Weekly – Global tensions have added upward momentum. Trade pressures are up. Volumes remain bullish.

Daily – Flat. Completed the move up to the 1291 Target. Trade pressures are up but declining. Volumes are bullish.

The next target up is 1304.

A close below 1275 would signal lower.

 

SILVER_ SIU17  #silverfutures

Weekly – Still in the weekly downtrend. Trade pressures are up. Volumes are now bullish.

Daily – Flat. The short trade was stopped out for an immediate loss. Trade pressures are in the neutral zone. Volumes are bullish.

This second leg up has a target of 17.91.

A close below 16.57 would signal a new move lower.

COPPER_ HGU17  #copperfutures

Weekly – At the weekly upside target of 2.89. Trade pressures are up. Volumes remain bullish.

The next weekly target up is 3.54.

Daily – Flat. In consolidation after the move up off the 2.72 level. Trade pressures are up. Volumes are mixed neutral to bullish.

The next target up is 3.00.

A close below 2.82 would signal lower.

 

GOLD_ GCQ17  #goldfutures

Weekly – In a narrow downward sloping channel. Trade pressures are up and extended. Volumes remain bullish.

Daily – Long. In the move up from the 1225 level. Trade pressures are up but starting a decline. Volumes have changed from bullish to bearish.

The next target up is 1304.

A close below 1257 would signal lower.

Contract expiration. Sell on the open. [8-7-17: sold for a gain]

 

SILVER_ SIU17  #silverfutures

Weekly – Remains in the downtrend. Trade pressures are neutral. Volumes are also neutral.

Daily –  Short. The 16.83 level has acted as resistance. Trade pressures are up but declining. Volumes are now bearish.

The 16.33 level has triggered a new short. The next target down is 15.31.

Set the stop at 16.96.

[8-10-17: The 16.96 stop was triggered for a loss.]