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.

 

 

COPPER_ HGN17  #copperfutures

Weekly – Remains in the uptrend. Trade pressures are up. Volumes have changed from bearish to neutral.

Daily –  Long. In the new long trade from the 2.56 entry. Trade pressures are rising into the neutral zone. Volumes are bullish.

The Daily still is in the downtrend until a close above 2.62. May raise stops soon.

The stops are 2.47.

[5-23-17: raise stops to 2.56, the entry price.]

[5-24-17: Stops triggered. Flat.]

 

GOLD_ GCM17  #goldfutures

Weekly – In the uptrend. Trade pressures are down but rising. Volumes have changed to bullish.

Daily – Flat. In the up move from 1231. Trade pressures are up into the neutral zone. Volumes are mixed, bearish to bullish.

The next target down is 1182.

The next target up is 1263.

 

SILVER_ SIN17  #silverfutures

Weekly – Remains in the downtrend. Trade pressures are down but turning up. Volumes have changed from bearish to neutral.

Daily – Long. In the new long trade from 16.72. Trade pressures are down but rising near the neutral zone. Volumes are mixed, bullish, bearish, then neutral.

The next target up is 17.86.

Stops are the low pivot at 16.06. Raise the stops to the Thursday low of 16.43.

[5-23-17: raise stops the 16.72 entry price.]

COPPER_ HGN17  #copperfutures

Weekly – Testing the prior low. Trade pressures are down but turning up. Volumes remain bearish.

Daily – Flat. In the move down from the 2.66 short entry.  Trade pressures are down but tuning up. Volumes are bearish.

The next target down is 2.44.

A close above 2.56 could signal higher.

[5-19-17: New long entry at 2.56. Set the stop at 2.47]

 

GOLD_ GCM17  #goldfutures

Weekly – The rally off the 1136 downside target has stalled. Trade pressures are down. Volumes are bearish for two weeks.

Daily – Flat. In the move down from the 1279 short entry. Trade pressures are down and trending. Volumes remain bearish.

The next target down is 1183.

A close above 1237 is required to start a new move up.

 

SILVER_ SIN17  #silverfutures

Weekly – In the downtrend. Trade pressures are sown. Volumes remain bearish.

Daily – Flat. Bouncing off the 15.95 downside target. Trade pressures are down. Volumes remain bearish.

The next target down is the 15.95 level.

A close above 16.72 could signal a new move up.

[5-16-17: New long at 16.72. Stops at 16.06]

COPPER_ HGK17  #copperfutures

Weekly – Wide ranging week which breaks down below the 25×5 moving average. Trade pressures are down but turning up. Volumes closed as bearish.

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

The next target down is 2.45.

A new move up thru 2.57 could restart the move up.

 

GOLD_ GCM17  #goldfutures

Weekly – A decisive breakdown back to the 25×5 moving average which should act as resistance. Trade pressures are down. Volumes have changed from neutral to bearish.

Daily – Flat. In the move down from the 1254 level. Trade pressures are down. Volumes are bearish.

The next target down is 1183.

A close above 11249 could restart a new move up.

 

SILVER_ SIK17  #silverfutures

Weekly – The 25×5 moving average has been broken, setting up a new downtrend. Trade pressures  are down. Volumes remain bearish.

Daily – Flat. The retracement has turned into a new move down. Trade pressures are down and trending. Volumes remain bearish.

The next target down is 15.94.

A close above 16.90 would signal higher.

COPPER_ HGN17  #copperfutures

Weekly – Support held at the 25×5 moving average. Trade pressures are down but extended. Volumes remain bearish.

Daily – Long. New trade from the 2.59 entry. Trade pressure are up. Volumes are bullish.

The next target up is 2.72.

A close below 2.53 would signal lower. Use this as the stop.

[5-1-17: Raise stops to 2.61, the 25×5 moving average.]
[5-3-17: stopped out at the 2.61 stop level.]

 

GOLD_ GCM17  #goldfutures

Weekly – Gold has broken up and out of the trendline and is now pulling back for a retest. Trade pressures are up. Volumes have changed from bullish to neutral.

Daily – Flat. In the pullback from the 1297 high. Trade pressures are down. Volumes are bearish.

The next target up is 1305.

A close below 1254 would signal lower.

 

SILVER_ SIN17  #silverfutures

Weekly – Pulling back in the uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the retracement down from the 17.92 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 16.61.

A close above 17.52 would signal higher.

COPPER_ HGK17  #copperfutures

Weekly – The 2.61 pivot has been broken to the downside. Trade pressures are down. Volumes are bearish.

The weekly low pivot is 2.46, then a lower target at 2.21.

Daily – Flat. In the move down from the 2.65 level. Trade pressures are down but turning up. Volumes are mixed bullish to bearish.

Have traded down thru the 2.54 target , with the next target down at 2.43.

A close above 2.58 would signal higher.

 

GOLD_ GCM17  #goldfutures

Weekly – In the second leg up. Trade pressures are up. Volumes remain bullish.

Daily – Flat. Consolidating between the 1282 and the 1305 targets. Trade pressures are up. and trending. Volumes are bullish.

The next target up is 1305. The hourly is oversold, so pressures favor a move up.

A close below 1255 would signal lower.

 

SILVER_ SIK17  #silverfutures

Weekly – In the move up. Trade pressures are up. Volumes have changed to bearish.

Daily – Flat. In a pullback, but still in uptrend. Trade pressure are down. Volumes are bearish.

The 18.55 target has acted as resistance. The next target up is 19.62.

A close below 17.72 would signal lower.