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.]

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.