COPPER_ HGU17  #copperfutures

Weekly – Large move up for the week. Trade pressures are up. Volumes are bullish.

Daily – Flat. Moved off the 2.72 consolidation with some strength. Trade pressures are up. Volumes are bullish.

Trade quickly up thru the 2.83 target which is now acting as support.

The next target up is the weekly 3.14 level.

A close below 2.81 would signal lower.

 

GOLD_ GCQ17  #goldfutures

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

Daily – Long. In the move up from the 1225 level. Trade pressures are up. Volumes are bullish.

The next target up is the 1291 level.

A close below 1254 would signal lower.

Use that 1254 level as the Stop.

 

SILVER_ SIU17  #silverfutures

Weekly – Still rallying but inside the weekly downtrend. Trade pressures are up. Volumes have changed from neutral back to bullish.

Daily – Flat. In the move up from 15.80. Trade pressures are up. Volumes are bullish.

Testing the 16.87 target.

The next target up is 17.87.

A close below 16.18 would signal lower.

COPPER_ HGU17  #copperfutures

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

Daily – Flat. Consolidating at the 2.72 level. up but showing some divergence. Volumes are neutral. Trade pressures are neutral.

The next target up is 2.83.

A close below 2.64 would signal lower.

 

GOLD_ GCQ17  #goldfutures

Weekly – In a two week rally off weekly support. Trade pressures are now up. Volumes are bullish.

Daily – Long. In the move up from the 1225 level. Trade pressures are up. Volumes are bullish.

Now at the 1254 target. The next target up is 1285.

Take profits at 1285.

A close below 1234 would signal lower.

Raise the stop to 1234.

 

SILVER_  SIU17  #silverfutures

Weekly – Still in a downtrend but experiencing a two week rally. Trade pressures are down but rising. Volumes are now neutral.

Daily – Flat. This move up from 15.80 is testing the 25×5 moving average as resistance. Trade pressures are up. Volumes are Bullish.

A break above the 25×5 on bullish volume could signal higher. The next target up is 16.87.

A close below 15.88 would signal lower.

 

COPPER_ HGU17  #copperfutures

Weekly – Remains in the uptrend and stuck at the weekly long entry level. Trade pressures are up and trending. Volumes are still bullish.

Daily – Flat. In consolidation at the 2.72 upside target. Trade pressures are in the neutral zone. Volumes have changed from bullish to neutral.

The next target up is the 2.72 target, then a test of the weekly highs at 2.88.

A close below 2.63 would signal lower.

 

GOLD_ GCQ17  #goldfutures

Weekly – Remains in the pullback inside the weekly uptrend. Trade pressures are down but looking extended. Volumes have changed from bearish to bullish.

Daily – Long. The 1225 long entry was triggered this last Friday. Trade pressures are down but rising. Volumes have changed from bearish to bullish.

The 1202 downside target was almost met with a 1204 low and then turned higher with 4 days of short covering and finally the bullish volume on Friday.

Stops will be the 1204 low pivot.

[7-17-17: Raise the stop to the 1225 entry price.]

 

SILVER_ SIU17  #silverfutures

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

Daily – Flat. There is a new long entry at 1580 but no volume confirmation. Trade pressures are down but rising. Volumes have changed from bearish to neutral.

Watch for volume confirmation for a long entry.

The next target up is 18.83.

A close below 15.14 would signal lower.

COPPER_ HGU17  #copperfutures

Weekly – Remains in the uptrend. Trade pressures are up. Volumes remain bullish. Looking for a retest of the 2017 highs.

Daily – Flat. In a pullback after testing the first upside profit target. Trade pressures are up but declining to near the neutral zone. Volumes have turned bearish from bullish.

2.72 is the first profit target up. Price needs to close above this level.

A close below 2.63 would signal lower.

 

GOLD_ GCQ17  #goldfutures

Weekly – Continuing the pullback in the uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the second leg down from 1246.50. Trade pressures are down but showing some divergence. Volumes are bearish.

The next target down is 1202.

A close above 1225 would signal higher.

 

SILVER_ SIU17  #silverfutures

Weekly – The hard down move this week is still pointing to weekly targets below 14.00. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from 17.14. Trade pressures are down but showing divergences. Volumes are bearish.

The full move downside target is nearby at 15.14.

A close above 15.71 would signal higher.

COPPER_ HGU17  #copperfutures

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

Daily – Flat. The move up never pulled back to allow an entry. Trade pressure are up and trending. Volumes are bullish.

Now at multiple profit targets – 2.17-2.72. The next target up is 2.83.

A close below 2.636 would signal lower.

 

GOLD_ GCU17  #goldfutures

Weekly – Pressing down thru the 25×5 moving average. Trade pressures are down hard. Volumes have changed from neutral to bearish.

Daily – Flat. Still in the move down from the 1279 short entry, even after taking profit at at 1247. Trade pressures are down but showing some divergences. Volumes are bearish.

The next target down is the nearby 1216 then another target lower at 1202.

A close above 1237 would signal higher.

 

SILVER_ SIU17  #silverfutures

Weekly – Seems to be ahead of Gold in this move down. Trade pressures are down. Volumes are bearish.

Daily – Flat. The down move has resumed after a pullback. Trade pressures are down, but showing divergence. Volumes are bearish.

The next target down is 15.14.

A close above 16.40 would signal higher.

COPPER_ HGN17  #copperfutures

Weekly – Closed with a rally to the previous June high. Trade pressures are up. Volumes remain bullish.

Daily – Flat. Spent the week consolidating just above the 2.56 long entry level. Trade pressures are up. Volumes turned bullish late in the week.

Momentum is neutral.

If bullish volume continues , buy on a pullback to 2.58.

Keep any stops close at 2.53.

 

GOLD_ GCQ17  #goldfutures

Weekly – Three weeks down. Trade pressures are down. Volumes are neutral.

Daily – Flat. The trade down from the 1279 short entry price was closed at the first profit target of 1247.50. Trade pressures are down but turning up. Volumes have changed to neutral.

The next target down is 1216.

A close above 1260 would signal higher.

 

SILVER_ SIN17  #silverfutures

Weekly – The 25×5 moving average has acted as resistance ton the recent move up. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 17.17 short level. Trade pressures are down. Volumes have changed from bearish to neutral.

The next target down is 16.09.

A close above 16.71 would signal higher.

COPPER_ HGHN17  #copperfutures

Weekly – Momentum has flattened out. Trade pressures are up. Volumes are bullish.

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

The long entry at 2.56 is still active. Need reconfirmation from volume.

2.47 would be the stop.

 

GOLD_ GCQ17  #goldfutures

Weekly – In the move down. Trade pressures are down. Volumes are mixed bearish to neutral.

Daily – Short. In the trade down from 1279. Trade pressures are down. Volumes are bearish.

The next target down is 1247.50. Take the profit here.

The stop is the entry price of 1279.

 

SILVER_ SIQ17  #silverfutures

Weekly – In the move down./ Treade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 17.17 short entry price. Trade pressures are down. Volumes are bearish.

The next target down is 16.09.

 

COPPER_ HGN17  #copperfutures

Weekly – The rally late in the week has price pressing up against the 25×5 moving average. Trade pressures are up. Volumes have changed from neutral to bullish.

Daily – Long. The break above the downtrend line at 2.58 confirms the new long.  Trade pressures have risen into the neutral zone. Volumes are bullish.

The next target up is 2.70.

Stops are 2.56.

[6-15-17: stopped out at the 2.56 level.]

 

GOLD_ GCQ17  #goldfutures

Weekly – The 1300 high pivot acted as resistance. Trade pressures are up. Volumes have changed to Bearish from bullish.

Daily – Short. A close below the 1279 level has triggered the new short position. Trade pressures are up but have rolled over. Volumes are bearish.

The first profit target down is 1247.

Stops are the recent pivot at 1298.

[6-15-17: lower stops to the 1279 entry level.
Take profit at the first profit target of 1247.50.]

 

SILVER_ SIN17  #silverfutures

Weekly – Consolidating at the 25×5. Trade pressures are up. Volumes are neutral for these last four weeks.

Daily – Flat. The long trade from the 16.49 level was stopped out for a gain. Trade pressures are up but rolling over. Volumes are bearish.

Still in the move up. The next target up is 17.89.

Support is at 16.83.

COPPER_ HGN17  #copperfutrures

Weekly – Consolidating around the 2.60 level. Trade pressures are rising into the neutral zone. Volumes are neutral.

Daily – Flat. In the move up from the 2.56 entry level, but still in the  downtrend. Trade pressures are down. Volumes are mixed, neutral to bullish.

The next target up is 2.70.

The downtrend resistance level is 2.61.

[6-6-17: a close below 2.51 would signal lower.]

 

GOLD_ GCN17  #goldfutures

Weekly – The mid May retracement down to the 25×5 moving average has seen the successful test of support. Trade pressures are up. Volumes are neutral to bullish.

Daily – Flat. In the move up from 1241. Trade pressures are up. Volumes are bullish.

At the next target up of 1275, then a test of the recent high pivot at 1300.

[6-6-17: the next profit target up is 1317.]

A close below 1272 would signal lower.

 

SILVER_ SIN17  #silverfutures

Weekly – Rallying in the downtrend. Trade pressures are up. Volumes have been neutral.

Daily – Long. In the move up from the 1672 long entry level. Trade pressures are up. Volumes have been bullish.

The next profit target up is 17.78.   [6-617: take profits at this target.]

Stops are raised to the next short entry level of 17.00.  [6-6-617: raise stops to the prior profit target of 17.19.]

COPPER_ HGN17  #copperfutures

Weekly – Entered a rally last week but was not sustained. Trade pressures are down but rising. Volumes are now neutral.

Daily – Flat. The long trade from 2 .56 was quickly stopped out for a break-even. Trade pressures are up but rolling over. Volumes have changed from bullish to neutral.

Need a close above 2 .61 to change to a new uptrend.

Look for a move down below the 25×5 moving average and the back up thru the 2.56 long entry.

 

GOLD_ GCQ17  #goldfutures

Weekly – Remains in the uptrend. Trade pressures are rising thru the neutral zone. Volumes have changed from bullish to neutral.

Daily – Flat. In the up move from 1241. Trade pressures are up. Volume are bullish.

The next target up is 1279.

A close below 1253 would signal lower.

 

SILVER_ SIN17  #silverfutures

Weekly – The rally has risen to test the 25×5 resistance. Trade pressures have risen into the neutral zone. Volumes remain neutral.

Daily – Long. The trade is long from 16.72. Trade pressures are up. Volumes are bullish.

The next target is 17.78

A close below 16.80 would signal lower. Raise stops to 16.80.