COPPER_ HGH17  #copperfutures

Weekly – Third week into the breakout to the upside. Trade pressures are up and starting to look extended. Volumes remain neutral.

Daily – Flat. After the pullback to a previous upside target of 2.48 price makes a new move up thru the long entry price of 2.59. Trade pressures are up but declining. Volumes are bullish and rising.

The next target up is 2.84. The spike high of 2.74 should offer resistance.

A close back below 2.61 should signal lower, so use this 2.61 as a Stop.

 

GOLD_ GCG17  #goldfutures

Weekly – Still in the move down to the weekly target of 1129. Trade pressures are still in the neutral zone and have turned down. Volumes remain bearish.

Daily – Flat. At the 1170 downside target. Trade pressures are down. Volumes are bearish.

The next target down is 1082.

A close above 1214 would signal higher.

 

SILVER_ SIH17  #silverfutures

Weekly – Looks to be headed into the 15’s. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. At the 16.50 downside target. Trade pressures are down and extended. Volumes have changed to bullish.

The next target down is 14.91.

A close above 17.59 would signal higher.

COPPER_ HGZ16  #copperfutures

Weekly –  Having a pause in this sharp move up. Trade pressures are extended up. Volumes have changed to neutral from bullish.

Daily – Flat. Consolidating at the 2.48 upside target after the election spike to 2.73. Trade pressures are up but turning down. Volumes are neutral to bullish.

the next target down is 2.39.

Need a close above 2.58 to start a new move up.

 

GOLD_ GCZ16  #goldfutures

Weekly – In the downtrend started in early October. Trade pressures are up into the neutral zone. Volumes have changed to bearish.

Daily – Flat. In the move down from the 1278 short entry. Trade pressures are down. Volumes remain bearish.

The next target down is 1176.

A close above 1242 would signal higher.

 

SILVER_ SIZ16  #silverfutures

Weekly – Last week broke down thru the uptrend support line. Trade pressures  are in the neutral zone. Volumes are still bearish.

Daily – Flat. A new downtrend has been estaablished. Trade pressures are down and extended.  Volumes are bearish.

Now at the 16.40 downside target. The next target down is 1560.

A close above 17.69 could signal higher.

COPPER_ HGZ16  #copperfutures

Weekly – A high volume breakout of the downtrend line. Trade pressures are up. Volumes are very bullish.

Daily – Flat. The trade was taken out at the first profit target. Trade pressures are up and extended. Volumes have changed from bullish to neutral as sellers meet the buyers in the 2.70’s.

All profit targets have been met and exceeded.

A new short entry has been triggered at 2.60 with a 2.40 profit target.

The volatility is too high for a safe trade. Wait.

 

GOLD_ GCZ16  #goldfutures

Weekly – The downtrend remains in place. Trade pressures have risen into the neutral zone. Volumes have changed to bearish.

Daily – Flat. The previous long trade was stopped out at the 1284 entry price. Trade pressures are down. Volumes are bearish. A new short entry was triggered the day after the election results at 1278.  The first profit target was immediately met at 1228. The next targets down is 1176.

A close above 1260 could signal higher.

 

SILVER_ SIZ16  #silverfutures

Weekly – Still above the uptrend support line. Trade pressures are in the neutral zone. Volumes have changed from bullish to neutral.

Daily -Flat. The long entry is still in place, but will be voided by a close below 17.11. Trade pressures have dropped into the neutral zone. Volumes have turned bullish.

The next target down is 16.40.

Need a  close back above the 18.38 level to signal higher.

 

COPPER_ HGZ16  #copperfutures

Weekly – The two week rally has produced a nice profit, testing the downtrend resistance line. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the move up from the 2.12 long entry. The 2.24 profit target was the trade exit. Trade pressures are up but extended. Volumes continue bullish.

The next  target up is 2.33.

A close below 2.21 would signal lower.

 

GOLD_ GCZ16  #goldfutures

Weekly – Rallying in the downtrend. Trade pressures have risen into the neutral zone.  Volumes have turned bullish.
Daily – Long. The move thru the 1284 long entry price has set up the 1352 target. Trade pressure are up. Volumes remain bullish.

The next target up is 1352.

Move stops to the entry price of 1284.

A move below 1278 could signal lower.

 

SILVER_ SIX16  #silverfutures

Weekly – The uptrend support line has held. Trade pressures are rising thru the neutral zone.

Daily – Flat. At the long entry of 18.378. Trade pressures are up. Volumes remain bullish.

The next target up is 20.42.

Stops at the 17.11 lows.

COPPER_ HGZ16  #copperfutures

Weekly – A bullish reversal in the downtrend. Trade pressures are now up. Volumes have changed to bullish. A trade through 2.30 would reverse the downtrend to up.

Daily – Long. The trade thru the 2.12 long entry trigger has set a new move up. Trade -pressures are up. Volumes changed to bullish early in the week.

The next target up is the recent pivot high at 2.21, then 2.23.

Stops were raised to the 2.12 entry price early. Now raise the stops to the 25×5 moving average of 2.15.

[11-1-16: raise the stops to 2.20.
Sell at the 2.2395 profit target.]

[11-3-16: reached the profit target: sold.]

 

GOLD_ GCZ16  #goldfutures

Weekly – three weeks of a rally up inside this downtrend. Trade pressures are down but diverging. Volumes remain neutral. The next weekly target down is 1226.

Daily – Flat. The rally off the 1243 lows is testing the downtrend resistance. Trade pressures have risen into the neutral zone. Volumes remain bullish.

The next target down is 1228.

Need a close above 1282 to begin a new uptrend; and 1284 is a new long entry trigger.

[11-1-16: New long entry at 1284.
Set the stops at 1277.]

 

SILVER_ SIZ16  #silverfutures

Weekly – The uptrend support at 16.88 is holding. Trade pressures are down. Volumes are neutral.

Daily – Flat. Consolidating at the 17.87 downside target. Trade pressures have risen into the neutral zone. Volumes are bullish.

The next target down is 15.61.

A close above 18.37 would signal higher.

 

COPPER_ HGZ16  #copperfutures

Weekly – Three weeks into this move down. Trade pressures are down. Volumes remain bearish.

Daily -Flat. After moving up near the first profit target of 2.22 copper has retraced downward aggressively. Trade pressures are down. Volumes are bearish.

Now in a new downtrend from the break below the 25×5 moving average at 2.16. The first short profit target of 2.08 has been tested. The next target down is 1.99.

[A close above 2.12 has triggered a new long with stops at 2.08.]

 

GOLD_ GCZ16  #goldfutures

Weekly – Remains in the downtrend. Trade pressures are down. Volumes remain in neutral for the second week.

Daily – Flat. In the move down from the 1338 short entry. Trade pressures are down but rising. Volumes are bullish.

The next target down is 1228.  Did get a 10 point rally off the the overbought from last week.

Need a close above 1290 to signal higher.

 

SILVER_ SIZ16  #silverfutures

Weekly – Still in the uptrend and testing weekly support. Trade pressures are down. Volumes are neutral.

Daily – Flat. Consolidating at the downside target of 17.37. Trade pressures are down but rising. Volumes are mixed bullish to neutral.

The next target down is 15.60.

Need a close above 18.37 to signal a new long.

 

COPPER_ HGZ16  #copperfutures

Weekly – Still in downtrend. Trade pressures have continued down. Volumes have changed from neutral to bearish.

Daily – Flat. Trade pressures have turned down, still in the neutral zone. Volumes turned bearish at the end of the week.

Now below the 25×5 MA. the next target down is 2.08.

Need a close above 2.16 to consider a new long.

 

GOLD_ GCZ16  #goldfutures

Weekly – In the new downtrend. Trade pressures are down. Volume has changed from bearish to neutral.

Below the 25×5 MA.

Daily – Flat. Trade pressures are down. Volumes remain bearish.

Price is on the May-July median line at 1255. The next target down is 1229. The overextended trade pressures suggest a retracement move up before continuing lower.

 

SILVER_ SIZ16  #silver futures

Weekly – Testing the uptrend support line. Trade pressures are down. Volume has changed from bearish to neutral.

Daily – Flat. At the 17.37 downside target and experiencing some consolidation. Trade pressures are extended down. volumes remain bearish.

Need a close above the 25×5 MA to consider a new long.

 

COPPER_ HGZ16  #copperfutures

Weekly – Remains in the price channel started in April. Trade pressures are up but turning down. Volumes have changed to neutral.

Daily –  Flat. The long trade was stopped out. Trade pressures have risen into the neutral zone. Volumes are bullish.

The next long entry is 2.18. But need volume confirmation.

The hourly is showing downward pressures.

 

GOLD_ GCZ16   #goldfutures

Weekly – The 1368 upside target has proved to be resistance. Also corresponds to the late 2014 high pivots. Trade pressures are down. Volumes remain bearish.

Daily – Flat. The 1309 low was broken and has taken price down into the 1250’s. Trade pressures are extended down. Volumes are bearish.

The next target down is 1228.  Look for a bounce at this level.

 

SILVER_ SIZ16  #silverfutures

Weekly – Testing the support in the weekly uptrend. Trade pressures are down.Volumes are bearish.

Daily – Flat. Got the expected move down. Consolidating at the 17.37 downside target. Trade pressures are down. Volumes are bearish.

The next target down is 16.60.

Need a close above 18.37 to signal higher.

COPPER_ HGHZ16  #copperfutures

Weekly – Nice rally inside the downtrend. Trade pressures are up and near fully extended. Volumes remain bullish.

Daily – Long. The trade from 2.13 is still active with a nice profit so far. Trade pressures are up and trending. Volumes remain bullish.

The first profit target up is 2.22. The full profit target is 2.32.

Stops should be raised to the last week low of 2.16.

[10-06-16 – Stopped out at the 2.16 for a small profit]

 

GOLD_ GCZ16  #goldfutures

Weekly – Undergoing a retracement inside the uptrend. Trade pressures are down but rising. Volumes have changed from neutral to bearish.

Daily – Flat. The long entry signal on 9-09 was not confirmed. Trade pressures are down. Volumes are bearish.

1347 remains a new long entry trigger.

A close below the low pivot of 1309 would signal lower.

The hourly is over-bought, so lower seems likely.

 

SILVER_ SIZ16  #silverfutures

Weekly – In the uptrend. Trade pressures are neutral again this week. Volumes have changed from bullish to neutral.

Daily – Flat. near a new long entry. Trade pressures are down but rising. Volumes are bearish.

19.72 is the new long entry level.

Need a confirmation from volume. The hourly is over bought so a move down first is likely.

COPPER_ HGZ16  #copperfutures

Weekly – Rising into the downtrend resistance. Trade pressures are up. Volumes have changed to bullish from bearish.

Daily – Long. Still in the long trade from 2.13. Trade pressures are up and beginning to be extended. Volumes are bullish.

The next profit target up is 2.23.

Stops are at the entry price of 2.13.

 

GOLD_ GCZ16  #goldfutures

Weekly – Still in the uptrend, pulling back from a prior target at 1368. Trade pressures are down but turning up. Volumes have changed from bearish to neutral.

Daily – Flat. Second time thru the long entry price of 1347 is approaching. Trade pressures are up. Volumes are bullish.

Hourly is moving down, wait for a reversal to enter.

 

SILVER_ SIZ16  #silverfutures

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

Daily – Flat. Have closed above the 19.72 long entry price for the second time. Trade pressures are up. Volumes have changed from bullish to neutral.

The hourly oscillator is moving down. Watch for a bullish reversal to enter the trade.