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.

 

COPPER_ HGH17  #copperfutures

Weekly – Pressing up against weekly resistance. Trade pressures are up. Volumes are bullish.

Daily – Long. Very near the 2.61 sell stop. Trade pressures are down into the neutral area. Volumes have changed to bearish.

This copper trade seems to be a short dollar trade.

The long trade had a move up to the prior high of 2.72 and is now pulling back.

The Sell Stop remains 2.61.

 

GOLD_ GCJ17  #goldfutures

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

Daily – Flat. In a new move up from 1205. Trade pressures are up. Volumes are bullish.

Hourly overbot, so wait for some price improvement to go long.

The next target up is 1217, then the 1235.

The stop will be 1182.

 

SILVER_ SIH17  #silverfutures

Weekly – Continuing the rally inside the downtrend. Trade pressures are up, but becoming extended. Volumes remain bullish.

Daily – Flat.In the move up from 16.98. Trade pressures are now up. Volumes are bullish.

This is a retracement trade inside a long cycle move down; lacks “conviction”.

COPPER_ HGH17  #copperfutures

Weekly – Three bullish weeks. Trade pressures are up but diverging. Volumes are bullish.

Daily – Long. In the move up from the 2.61 long entry. Trade pressures are up and trending. Volumes have changed from bullish to neutral.

The next target up is 2.77. The swing high at 2.75 will offer resistance.

Stops are now raised to the entry level of 2.61 for a break-even.

 

GOLD_ GCJ17  #goldfutures

Weekly – This rally off the weekly downside target of 1132 has paused. Trade pressures are up. Volumes have changed to bearish. Still in the longer term downtrend.

Daily – Flat. The long trade was sold at the 1195 stop for a nice profit. Trade pressures are down into the neutral zone. Volumes are bearish.

A new short would be signaled with a close below the 1177 level.

A close above 1204 would signal a resumption of the long trade.

 

SILVER_ SIH17  #silverfutures

Weekly – Rallying inside the longer term downtrend. Trade pressure are up. Volumes are bullish.

Daily – Flat. In the move up from the 16.98 long entry. Trade pressures are down into the neutral zone. Volumes are bearish.

Volume never supported the long entry. Watch for the volume to turn bullish.

 

 

COPPER_ HGH17  #copperfutures

Weekly – The late 2016 highs are acting as resistance. Trade pressures are up but are showing some divergence. Volumes are bullish.

Daily – Long. In the long trade from 2.61. Trade pressures are up but turning down. Volumes have changed from neutral to bullish.

The next target up is 2.77 with resistance at 2.75.

Set stops at 2.47.

[1-24-17 Update: raise stops to 2.59.]

 

GOLD_ GCG17  #goldfutures

Weekly – In a rally inside the downtrend. Trade pressures have risen into the neutral zone. Volume remain bullish.

Daily – Long. In this long trade from the 1165 level. Trade pressures are up and trending. Volumes remain bullish.

The next target up is 1233. Take profits at this 1233 level as the weekly remains in the downtrend and the daily trade pressures are fully extended.

A close below 1174 would signal lower. Stops have been raised to the 1174 level.

[1-25-17 Update: raise the stops to 1195.]

 

SILVER_ SIH17  #silverfutures

Weekly – Also rallying in a downtrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. At the long entry of 16.99. Trade pressures are up but turning down. Volumes are bullish.

The next target up is 17.45.

Stops are at the 16.47 25×5 moving average.

No trade , No momentum.

 

COPPER_ HGH17  #copperfutures

Weekly – Back at the top of the 2.70 channel with a breakout of the down-sloping trend line. Trade pressures are up but declining. Volumes have changed to bullish.

Daily – Flat. The 2.60 long entry has been triggered. Trade pressures are up. Volumes are bullish.

Wait for some price improvement to get long. The next target up is 2.85. The old high of 2.74 will act as resistance.

Set stops at 2.45.

A close below 2.45 would also signal lower.

 

GOLD_ GCG17  #goldfutures

Weekly – Still in the retracement move up from the 1132 low. Trade pressures are down but rising. Volumes have changed from neutral to bullish.

The 1082 downside target is still active.

Daily – Long. In the move up from the 1165 long entry. Trade pressures are up and getting extended. Volumes are still bullish.

The next target up is 1233.

Stops remain at the entry price of 1165.

[1-19-17 Update: Raise sell stops to 1174.]

 

SILVER_ SIH17  #silverfutures

Weekly – The retracement up has taken price up to the MACD crossover. Trade pressures are riding and in the neutral zone. Volumes have changed to bullish.

Daily – Flat. Price is pressing up against the long entry level of 16.93. Trade pressures are up. Volumes remain bullish.

The next target up is 18.93,

The stop would be 15.67.

COPPER_ HGH17  #copperfutures

Weekly – In the move up from the election day rally; consolidating between the 2.40 and 2.70 bounds. Trade pressures are up but declining. Volumes are neutral.

Daily – Flat. In the retracement down from the double top at 2.75. Trade pressures are down but rising. Volumes are mixed, bearish to neutral.

The next target down is 2.39.

Need a close above 2.60 to restart the move up.

 

Gold_ GCG17  #goldfutures

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

The next target down is 1082.

Daily – Long. The 1165 trade was triggered on the 4th of January. Trade pressure are up. Volumes are bullish.

The next target up is 1233. This is a long trade inside the weekly downtrend, so take profits at the this first target.

Stops are now at the 1165 entry level.

 

SILVER_ SIH17  #silverfutures

Weekly – Remains in the downtrend. Trade pressures are down but rising. Volumes are bearish. The next weekly target down is 14.91

Daily – Flat. Still in the down move. Trade pressures are up. Volumes are bullish.

A close above 16.93 would signal higher.