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.

COPPER_ HGK17  #copperfutures

Weekly – Still pressing up against the resistance line. Trade pressures are down. Volumes are bearish. The 25×5 is nearby support.

Daily – Flat. In the move down from the 2.65 short entry. Trade pressures are down. Volumes are bearish.

At the 2.54 target. The next target down is 2.43.

A close above 2.62 would signal higher.

 

GOLD_ GCM17  #goldfutures

Weekly – The week closed above the resistance line. Trade pressures are up. Volumes are bullish.

Daily –  Flat. Closed at the 1282 target. Trade pressures are up. Volumes are bullish.

The next target up is 1335.

A close below 1247 would signal lower.

 

SILVER_ SIK17  #silverfutures

Weekly – In the move up. Trade pressures are up. Volumes are bullish.

Daily – Flat. Still in the move up from the 17.48 long entry. Trade pressures are up but showing divergences. Volumes are Bullish.

The next target up is 19.62.

A close below 17.84 would signal lower.

COPPER_ HGK17  #copperfutures

Weekly – Another test of the resistance at 2.69. Trade pressures are down. Volumes have changed from bullish to bearish.

Daily – Flat. In the downward sloping channel. Trade pressures are down into the neutral zone. Volumes are bullish.

The next level down is 2.55.

A close above the 2.71 would signal higher.

 

GOLD_ GCM17  #goldfutures

Weekly – Another test of the upside resistance. Trade pressures are up. Volumes have changed from neutral to bullish.

Daily – Flat. In a move up from the 1229 long entry level. Trade pressures are up but turning down. Volumes are bearish.

The  US Navy tomahawk attack on the Syrian runways caused a one day run up in gold that was quickly given back after the Syrian jets began taking off from those same runways.

The next target up is 1202.

A close below 1229 would signal lower.

 

SILVER_ SIK17  #silverfutures

Weekly – In the uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the uptrend and in a move up from 17.48. Trade pressures are up and extended. Volumes have changed to bearish.

The 18.49 high was very near the first upside target of 18.55. This move appears to be extended and ripe for a pullback.

A close below 17.38 would signal lower.

 

COPPER_ HGK17  #copperfutures

Weekly – No direction. Trade pressures are down. Volumes have changed from bearish to bullish.

Daily – Flat. In the down trend. Trade pressures are down. Volumes are bearish.

Weekly in the uptrend . The daily in the down trend the creates opposing pressures. No trade.

 

GOLD_ GCK17  #goldfutures

Weekly – Still pressing up at the resistance line. Trade pressures are rising up thru the neutral zone. Volumes are neutral.

Daily – Flat. The 1229 long entry has been triggered. Trade pressures are up but rolling over. Volumes are bearish.

The Daily trade pressures are turning over; so wait for the next turn up for any long entry.

 

SILVER_ SIK17  #silverfutures

Weekly – In the weekly move up. Trade pressures are up. Volumes have changed from neutral to bullish.

Daily – Flat. In the move up from 17.48. Trade pressures are up and extended. Volumes are bullish.

Waiting for a pull back for any new long entry.

COPPER_ HGK17  #copperfutures

Weekly – Sitting on a short confirmation of a daily move down, but not there yet. Trade pressures are down. Volumes remain bearish.

Daily – Flat. The 2.64 long entry trigger was met but waiting for confirmations. Trade pressures have declined into the neutral zone. Volumes are mixed Neutral to bearish.

The next target up is 2.79.

A shorter cycle short entry is also at 2.63 which creates a pivot at these 2.63-2.64 levels. Generally means no clear direction, so we wait for clarity.

The low pivot of 2.55 is a stop for any long trade.

 

GOLD_ GCJ17  #goldfutures

Weekly – A cup and handle seems to be forming.  Trade pressures are down but turning up. Volumes have turned neutral from bullish.

Daily – Flat. In the move up from 1227. Trade pressures are up. Volumes are bullish.

The next target up is 1279. A break out above 1262 would signal a weekly confirmation of the daily move up.

Stops at the 1194 low pivot.

 

SILVER_ SIK17  #silverfutures

Weekly – Two weeks into a second leg up. Trade pressures are up into the neutral zone. Volumes have changed from bearish to neutral.

Daily – Flat. The new long entry at 17.48 has been triggered. Trade pressures are up. Volumes are bullish.

Look for a pullback closer to the 17.48 long entry level.

The next target up is 18.55.

Stops at the 16.85 low pivot.

COPPER_ HGK17  #copperfutures

Weekly – The 2.59 short confirmation was touched but held as support. Trade pressures are down. Volumes remain bearish.

Daily – Flat. Remains in the down trend. The new long entry was triggered at 2.64. Trade pressures are up. Volumes are bullish.

This new 2.64 long entry coincides with the 25×5 moving average at 2.69, which is acting as resistance to any further upmove. So, wait for a pull back then a second leg up.

A break below the 2.55 pivot would signal lower.

 

GOLD_ GCJ17  #goldfutures

Weekly – Gold has traded up to the downtrend resistance line, pulled back and now is making a second move up. Trade pressures are down. Volumes have changed to bullish from bearish.

Daily – Flat. The short trade was stopped out at 1210 with a 10 pt gain. Trade pressures have risen into the neutral zone. Volumes are bullish.

A new long trade has been signaled at 1227. However the weekly is pointing down and the hourly is overbot, wait for both price and indicator improvement.

A close below the low pivot at 1194 would signal lower.

 

SILVER_ SIK17  #silverfutures

Weekly – The recent rally took silver into a new uptrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. The two weeks of move down took Silver to 16.85. The move up off that low stopped the short trade with a 45 cent gain. Trade pressures are down but rising. Volumes have changed from bearish to bullish.

16.43 is the next target lower.

A close above 17.48 would signal higher.