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.

COPPER_ HGK17  #copperfutures

Weekly – Touched the 2.59 level which confirms the Daily move down. Trade pressures are down. Volumes have changed form neutral to bearish.

Daily – Flat. Near the 2.53 down side target. Trade pressures are down but showing some divergence. Volumes have changed from bearish to neutral.

May be just short covering. But a close above 2.64 would signal higher.

The next target down is 2.34.

 

GOLD_ GCJ17  #goldfutures

Weekly – The downtrend resistance line at 1260 held and turned price back down. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Short. The 1220 level triggered the short. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is the prior low pivot at 1182. Take profits at this 1182 level.

Lower the stops to 1210.

[3-13-17: stopped out in the night session for a 10 pt profit.]

A close above 1227 could signal higher.

 

SILVER_ SIK17  #silverfutures

Weekly – The break below the prior week’s low of 17.66 caused the down move to accelerate. Trade pressures are down. Volumes are bearish.

Daily – Short. In the move down from the 17.74 level. Trade pressures are down. Volumes are bearish.

The next target down is 16.43.

Lower stops to 17.30.

A close above 17.51 is required to start a new move up.

COPPER_ HGK17  #copperfutures

Weekly – In the uptrend. Trade pressures are up but showing lower highs. Volumes have changed from bearish to neutral. The next weekly target up is 2.86.

Daily – Flat. In a retracement within the move up from 2.62. Trade pressures are down into the the neutral zone. Volumes are neutral.

The next longer cycle target up is 2.86.

A close below the 2.62 level would signal lower. The next retracement target down is 2.53.

 

GOLD_ GCJ17  #goldfutures

Weekly – With the close above 1258, the weekly has entered a new uptrend. Trade pressures are up, but rolling over. Volumes have changed to bearish.

Daily – Flat. In the move up from 1168 and in a pull back after reaching the weekly resistance. Trade pressures are down. Volumes are bearish.

The next target up is 1302.

A close below 1220 would signal a new short.  [3-7-17 now short at 1220.]

[3-8-17: set stop to the break-even @ 1220.]

 

SILVER_ SIK17  #silverfutures

Weekly – As with gold, the upper resistance has been reached and a new uptrend is indicated. Trade pressures are up but rolling over. Volumes have changed to bearish.

Daily – Short. A new short is indicated at 17.74. Trade pressures are down. Volumes have changed to neutral.

The first target down is 16.43.

Stops are 18.54.

[3-7-17 Update: Lower stops to the break-even @ 17.74.]

 

COPPER_ HGK17  #copperfutures

Weekly – Sellers met the upside breakout and pushed it back down below the resistance line. Trade pressures are up but showing divergence. Volumes have changed from bearish to neutral.

Daily – Flat. In a retracement move down from the 2.76 short level after nearly reaching the 2.86 target. Trade pressures are down. Volumes have turned bearish from bullish.

At the first down side target of 2.65. Expect some consolidation here.

The next target down is 2.53.

 

GOLD_ GCJ17  #goldfutures

Weekly – Gold has broken thru the weekly upside resistance to form a new uptrend. Trade pressures are up but getting extended. Volumes remain bullish.

Daily – Flat. Still in the move up from the 1168 level started in January. Trade pressures are up but showing some divergence. Volumes are still bullish.

After some consolidation at the 1235 level price moved up in anticipation of the next Tuesday speech.

The next target up is 1302.

A close below 1216 could signal lower.

 

SILVER_ SIK17  #sliverfutures

Weekly – A new uptrend has formed. Trade pressures are up and extended. Volumes remain bullish.

Daily – Flat. In the move up from the 16.98 level. Trade pressures are up but getting extended. Volumes remain bullish.

The next target up is 18.99.

A close below 17.65 could signal lower.

COPPER_ HGH17  #copperfutures

Weekly – Moved up thru resistance last week and this week pulled back to test that line. Trade pressures are up. Volumes have changed to bearish from bullish.

Daily – Flat. The long trade was stopped out at the 2.72 stop. Trade pressures are down into the neutral zone. Volumes have changed to bearish.

Down side support is 2.51.

 

GOLD_ GCJ17  #goldfutures

Weekly – At the upper boundary of the downtrend. Trade pressures are up. Volumes remain bullish. A weekly close above 1251 would change the trend.

Daily – Flat. In the move up from 1168. At the first profit target of 1235. Trade pressures are up but declining. Volumes are bullish.

The next target up is 1302.

A close below 1202 would signal lower.

 

SILVER_ SIH17  #silverfutures

Weekly – As gold, silver is also up against the downtrend resistance line. Trade pressures are up and extended. Volumes remain bullish.

Daily – Flat. In the move up from the 16.99 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 18.54.

A close below 17.33 would signal lower.

COPPER_ HGH17   #copperfutures

Weekly  – This week provided the break above the six month trend line. Trade pressures are up. Volumes are bullish.

The next weekly target up is 2.85.

Daily – Long. The 2.61 stop was approached with a low of 2.6120, so not triggered. Trade pressures have crossed back up above the neutral zone. Bullish volume came in all day Friday.

The 2.77 up side target has been met. The next Daily target up is 2.86. Take profits at this 2.85/2.86 set of targets.

Raise the sell stops to 2.67.

[2-15-17 Update: raise stops to 2.72.]

 

GOLD_ GCJ17  #goldfutures

Weekly – Tested the down trend resistance line at 1251. Trade pressures are up. Volumes are bullish for these last two weeks. Look for the break out.

Daily – Flat. In the move up from the 1205 entry level. Trade pressures are up. Volumes remain bullish.

The 1235 and the 1241 upside targets have provided resistance; price is now in a pullback.

The next target up is 1277.

1192 will be the new sell stop.

 

SILVER_ SIH17  #silverfutures

Weekly – Up against the downtrend resistance line. Trade pressures are up and near extended. Volumes are bullish.

Daily – Flat. Never had conviction with this move. Trade pressures didn’t match up with the entry levels. Trade pressures are up. Volumes are bullish.

This move up is inside a longer cycle down move. The next group of targets up are the 19.08 pivot high, the 1898 first profit target, and the final profit target in the September cycle.

A close below 17.21 could restart the move down.