COPPER_ HGZ16  #copperfutures

Weekly – Still in the downtrend. Need a trade above 2.30 to confirm the long trade. Trade pressures are rising into the neutral zone. Volumes have changed from bearish to neutral. An alert for the emerging markets, perhaps.

Daily – Long. The entry at 2.13 triggers the long trade. The next target up is 2.23. Trade pressures are up. Volumes are mixed, bullish to neutral.

Nice move up. Raise stops to the 2.13 entry price.

 

GOLD_ GCZ16  #goldfutures

Weekly – In a pullback inside the uptrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. The long trade was triggered at the 9-6 close, but the downtrend line was resistance nearby so not taken. Trade pressures are down. Volumes are bearish.

Support at the 1305 low. The lower target of 1266 is still active id that does not hold.

 

SILVER_ SIZ16   #silverfutures

Weekly – Still in an uptrend.  Trade pressures down. Volumes are bearish.

Daily – Flat. Silver gave every sign of a long trade earlier last week. Trade pressure are down. Volumes are bearish.

A new move above the 19.72 long entry could signal higher.

COPPER_ HGZ16 #copperfutures

Weekly – Remains in the downtrend. Trade pressures are oversold. Volumes remain bearish.

Daily – Flat. Still in the move down from the 2.20 short entry. Trade pressures are down but rising. Volumes are bullish.

Next target down is 1.99.

A close above 2.13 would signal higher.

[9-14-16: New 2.13 long entry price. Next target up is 2.23]

 

GOLD_ GCZ16  #goldfutures

Weekly – Still consolidating below the 1366 upside target. Trade pressures are down. Volumes remain bearish.

Daily – Flat. Still in the downtrend and consolidating around the 1307 downside target.. Trade pressures have turned up. Volumes are mixed bullish to neutral.

The next target down is 1266.

A new long entry was triggered at 1347, but the trade pressures were not confirming.

A second leg up thru the 1347 could be a new long entry.

 

SILVER_ SIZ16  #silverfutures

Weekly – Remains in the uptrend. Trade pressures are in the neutral zone and rising. Volumes remain bearish.

Daily – Flat. Moved into a new uptrend. Trade pressures tried to move up but are back into the neutral zone. Volumes are mixed bullish to neutral.

Hourly trading is oversold. The next target down is 17.71

A close back above 19.72 could signal higher.

COPPER_ HGZ16  #copperfutures

Weekly – Still in Downtrend with lower targets. Trade pressures are down and very oversold. Volumes remain bearish.

Daily – Flat. In the move down from the 2.20 short level. Closed the Sep ’16 contract at the expiration.  Trade pressures are down. Volumes remain bearish.

The next target down is 1.99.

Need a close above 2.13 to signal higher.

 

GOLD_ GCZ16  #goldfutures

Weekly – Still in the uptrend. Trade pressures are now down. Volumes are bearish.

Daily –  Flat. The long trade stopped out at the 1318 for a loss. Trade pressures are down but turning up. Volumes have changed from bearish to bullish.

In a new downtrend. Consolidating at a downside target of 1307.

The next target down is 1266.

Need a close above 1347 to signal higher.

 

SILVER_ SIZ16 #silverfutures

Weekly – In the uptrend. Trade pressures are down into the neutral zone. Volumes are bearish. Support at the 25×5 moving average (17.95).

Daily – Flat. In the downtrend started 8-19. Trade pressures are down but rising. Volumes are now bullish. Resistance at the $20 downtrend line.

COPPER_ HGZ16

Weekly – still in uptrend, but turning down into support. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the move down from the 2.20 short entry. Trade pressures are down. Volumes are bearish.

Near term support at 2,06. Need a close above 2.14 to signal higher.

 

GOLD_ GCZ16

Weekly – Still in the uptrend. Trade pressures have declined into the neutral zone. Volumes have changed from bullish to bearish.

Daily – Long. The trade entry of 1359 has been followed by vigorous selling. Trade pressures are down and selling volume came in mid week. Volumes are bearish.

Very near the 1318 stop loss.

 

SILVER_ SIZ16

Weekly – Still in the uptrend. Trade  pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. In the move down from the 20.75 level. Trade pressures are down. Volumes remain down.

the next target down is 17.42.

COPPER_ HGU16 #copperfutures

Weekly – Resistance is holding. Trade pressures are down. Volumes are bearish.

Daily –  Flat. In the move down. Trade pressures are rising thru the neutral zone. Volumes are mixed, bearish to neutral.

The next target down remains 2.11.

Need a close above 2.19 to signal a new move up.

 

GOLD_ GCZ16 #goldfutures

Weekly – In the move up. Trade pressures are up but declining. Volumes are mixed neutral to bullish.

Daily – Long. The 1359 long entry was also a weekly upside target, so gold has not been able to break out. Trade pressures are stuck in the neutral zone. Volumes are mixed bullish to bearish, but very low.

The next target up is 1427.

Stops remain at the 1318 low pivot.

The hourly is very oversold, so be alert for the breakout to the upside.

 

SILVER_ SIU16 #silverfutures

Weekly – Six weeks of consolidation. Trade pressures are up .but declining. Volumes are bearish.

Daily – Flat. Looking bearish. Trade pressures are down. Volumes have changed from bullish to bearish.

At the support line.

COPPER_ HGU16 #copperfutures

Weekly – Just below the downtrend resistance. Trade pressures are down. Volumes have changed from bullish to bearish.

Daily – Flat. The short trade was stopped out at the 2.20 stop. Trade pressures are down but turning up. Volumes are bearish.

The retracement down continues. The next target down is 2.11.

A close above 2.19 could restart the move up.

 

GOLD_ GCZ16  #goldfutures

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

Daily – Long. After consolidating at the 1367 target and experiencing a small retracement the 1359 long entry was triggered. Trade pressures are neutral. Volumes remain bearish.

the next target up is 1427.

Stops are at the 1318 low pivot.

 

SILVER_ SIU16  #silverfutures

Weekly – Silver has risen about 50% on the year. Trade press are up and extended. Volumes have changed from bullish to neutral.

Daily – Flat. Consolidating at the 20.22 upside target. Trade pressures are in the neutral zone. Volumes are bearish.

No Trade.

COPPER_ HGU16 #COPPER

Weekly – Have traded thru the long confirmation but working off an over bot situation. Trade pressures are down into the neutral zone. Volumes remain bullish.

Daily – Short. The second move down thru the 2.20 has triggered the short trade. Trade pressures are down. Volumes are bearish.

The next target down is 2.13.

Stops are now at the entry price of 2.20.

[Update 8-10-16: covered short @2.20.]

 

GOLD_ GCZ16

Weekly – Consolidating around the 1354 upside weekly target. Trade pressures are up but declining. Volumes are still bullish.

Daily – Long . The 1359 entry price was triggered mid week. Trade pressures are up but declining. Volumes are bearish at the closed on Friday as the jobs report showed improvement.

Stops at 1318.

 

SILVER _ SIU16

Weekly – Very extended in the upside move. Trade pressure are up and extended. Volumes remain bullish.

Daily – Flat. The weekly suggests some retracement ahead. Trade pressures are down into neutral. Volumes have changed to bullish.

COPPER_ HGU16

Weekly – Pushing up against the downtrend stop. Trade pressures are up. Volumes are bullish.

Daily – Flat. The break of 2.20 stop level has signaled lower. Trade pressures are down. Volumes remain bearish.

The long trade was stopped out at 2.20 after a move up from the 2.16 long entry.

A trade back down thru the 2.20 level would signal a new short entry.

 

GOLD_ GCU16

Weekly – A close below 1322 was required to confirm a weekly short, but price moved up off that level. Trade pressures are up. Volumes have changed from neutral to bullish.

Daily – Flat. Near the long entry price of 1359. Trade pressures are up. Volumes have changed to bullish.

The first target up is 1427.

Stops will be placed at 1318.

 

SILVER_ SIU16

Weekly – In the move up toward the 21.90 target. Trade pressures are up. Volumes are bullish.

Daily – Flat. Near a new long entry of 20.53. Trade pressure are up. Volumes are bullish.

Stops will be the 19.27 low.

COPPER_ HGU16

Weekly – In the move up with a 2.50 target. Trade pressures are up and trending. Volumes remain bullish.

Daily – Long. Consolidating at the 2.25 target. Trade pressures are up. Volumes have changed from bullish to neutral.

The next target up is 2.33 just above the recent highs at 2.30.

Stops remain at 2.20 which is also a potential short entry signal.

[7-26-16: stopped out at the 2.20 stop for a small profit.]

 

GOLD_ GCQ16

Weekly – In a retracement move down. Trade pressures are up but declining. Volumes remain neutral.

Daily – Short. The 1350 short entry was triggered 10 days ago. Trade pressures are down. Volumes are bearish.

The next target down is 1270.

Stops are now 1339.

A close above 1352 would signal a new move up.

{7-27-16: closed the short at the 139 stop.]

 

SILVER_ SIU16

Weekly – Still in the move up. Trade pressures are up. Volumes are still bullish.

Daily – Flat. Large daily ranges persist. Trade pressures are up but declining. Volumes are now bearish.

COPPER_ HGU16

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

Daily – Long. The long entry was triggered at the previously mentioned 2.13. Trade pressures are rising thru the neutral zone.

The 2.25 target has been met. The next target up is 2.33.

Stops are the 2.20 new short entry level.

 

GOLD_ GCQ16   [Turkey is experiencing a possible coup by the Army.]

Weekly – Consolidating around the 1351 weekly upside target. Trade pressures are up. Volumes remain neutral.

Daily – Short. The 1350 short entry was triggered on 7-12-16. Trade pressures are declining thru the neutral zone. Volumes are bearish.

The first target down is 1324 and has been reached. The next target down is 1311.

Stops at the 1350 short entry.

[7-20-16: lower stops to 1339.]

 

SILVER_ SIU16

Weekly – Still in uptrend. Trade pressures are up. Volumes have changed from bearish to bullish.

Daily – Flat. Movement is sideways. trade pressures are up and trending. Volumes remain neutral.