COPPER_ HGU16

Weekly – The long confirmation could not break out of the year long downtrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. The 2.17 short entry was triggered on July 6th. Trade pressures are down. Volumes remain down.

The next target down is 2.10.

Stops are at the 2.24 high.

A close above 2.13 would signal higher.

 

GOLD_ GCQ16

Weekly – Moved up through the prior highs and thru the 1351 weekly target. Trade pressures are up. Volumes are neutral.

Daily – Flat. Next short entry will be a close below 1350. Trade pressures are up. Volumes are bullish.

The Stop will be the 1377 high.

 

SILVER_ SIU16

Weekly – Almost to the 21.90 weekly target. Trade pressures are up. Volumes have changed to neutral.

Daily – Flat. Daily ranges are too high to take the short signal. Trade pressures are up and trending.

 

COPPER_ HGU16

Weekly – The weekly has confirmed the long trade. Trade pressures are up but extended. Volumes have changed from bearish to bullish.

Daily – Flat. In the move up from the 2.075 long entry trigger on 6-15. Our trade was stopped out, but the move continues. Trade pressures are up and trending. Volumes remain bullish.

The next target up is 2.25.

A close below 2.17 would signal lower.

 

GOLD_ GCQ16

Weekly – Retesting the spike highs at 1360. Trade pressures are up. Volumes have changed from bullish to neutral.

Daily – Flat. Trade pressures are up but diverging. In distribution with neutral volume all week but closed higher into the 4th of July US holiday.

In a short move from the 1335 trigger on 6-27. Look for a second move down and thru 1335 for a new short entry.

The next target down is 1296.

Stops at 1362.

 

SILVER_ SIU16

Weekly – The week after the BREXIT vote to “leave” sent Silver to new contract highs. Trade pressure are up. Volumes remain bullish.

Daily – Flat. Zipped thru the 18.50 target and the 20.22 target. Trade pressures are fully extended. Volumes ran bullish all week but closed on a bearish note on Friday.

The earlier “feels lower” comment was completely wrong. But now the action feels overextended and “feels lower” again.

COPPER_ HGN16

Weekly – In the range bounded by 1.930 and 2.30. Trade pressures are up. Volumes remain bearish.

Daily – Flat. Stopped out of the long trade with the BREXIT drop. Trade pressures are up and extended. Volumes have turned to bearish.

A close below 2.10 would signal lower.

 

GOLD_ GCQ16

Weekly – The weekly range was 1252 to 1362 with a close at 1322 after the “Leave” vote was successful. Trade pressures are up. Volumes remain bullish.

Daily – Flat. Stopped out of the short position with a profit before the leap higher. Trade pressures are up but declining. Volumes have turned bullish on Friday.

The 1360 target was reached with the overnight spike upward. In a uptrend, but need a few days to settle the trading range down after that wide range bar before trying any new trades.

 

SILVER_ SIN16

Weekly – Same profile as Gold. Trade pressures are up. Volumes are bullish.

Daily – Flat. Next target up is 18.52. Trade pressures are up but declining. Volumes are bullish.

Feels lower?

 

COPPER_ HGN16

Weekly – Still in the down trend. Trade pressures are down but showing divergences. Volumes are bearish.

Daily – Flat. Trade pressures are rising thru neutral to up. Volumes have changed from bearish to neutral.

A second close above 2.07 would signal a new move up.

[6-21-16: yesterdays close above 2.07 triggered a new long entry at 2.09. Stops at the low of 6-20, 2.0520. The next target up is 2.13.]

[6-21-16: at the close, raise stops to the 2.09 long entry price.]

[6-23-16: raise stops to the 25×5, or 2.145.] [stopped out as BREXIT counts shows a lead for “leave”.]

 

 

GOLD_ GCQ16

Weekly – weekly support is at 1218, the 25×5 moving average. Trade pressures are up. Volumes changed from neutral to bullish this week.

Daily – Flat. The long trade was stopped out at the 1299 profit target. Trade pressures are extended up. Volumes are bullish.

The next target up is 1360.

A new short entry is a close below 1293.

[6-21-16: short entry triggered @1293. Stops at 1318. Lower to break even at the touch of 1265.50.]

[6-21-16: At the close – lower stops to the 1293 short entry.]

[6-23-16: Looks like a “Remain” for the BREXIT vote. Lower stops to the 25×5 1266.] [stopped out as BREXIT counts shows a lead for “leave”.]

 

SILVER_ SIN16-

Weekly – In the move down inside the long term uptrend. Trade pressures are rising into neutral. Volumes are bullish.

Daily – Long. The long entry was 17.00. Ticked a high of 17.88 on the way to the 18.00 profit target. Trade pressures are up and looking extended. Volumes remain bullish.

The stop and the new short entry are the same, 17.36.

[6-21-16: stopped out at the 17.36 level. No new short entry as volumes remain bullish.]

 

COPPER_ HGN16

Weekly – Bearish volumes return. Trade pressures are down but rising. Volumes have changed from neutral to bearish.

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

The 25×5 moving average has acted as resistance. The close below 2.08 has signaled lower. The next target down is 1.979.

A close above 2.07 is required to get a new move up started.

 

GOLD_ GCQ16

Weekly – In the uptrend until 1140 support is broken. Trade Pressures are rising into the Neutral zone. Volumes have changed from bearish to neutral.

Daily – Long. The 1226 triggered set the new long. Trade pressures are up. Volumes are bullish.

The actual next day entry would have been 1241. The 1250 targets ad the 1262 targets have been reached.

The next target up is 1299.

A close below 1255 would signal lower.

Stops at this 1255 short entry level.

 

[6/13/16: raise stops to the 1262 target.]

[6-15-16: Sell at the 1299.60 target.]

 

SILVER_ SIN16

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

Daily – Long. A close above the 16.93 level has triggered the new long. Trade pressures are up. Volumes are bullish.

The next target up is 18.00.

Stops at the 16.73 which is the 25×5 moving average.

[6/13/16: raise stops to the entry price of 17.]

[6-15-16: raise stops to 17.12. Sell at the next upside target of 18.00.]

 

COPPER_ HGN16

Weekly – In a retracement move up off the 2.02 lows. Trade pressures are down but rising. Volumes remain neutral.

Daily – Flat. In the move up from the 2.09 long entry. Trade pressures are rising thru neutral. Volumes have turned to bullish.

Still in a down trend. The next target up is 2.15. Took at small profit as the hourly became very overbot after the announcement of the drop in US job creation numbers. Will look for another opportunity to get long.

The stops remain at the 2.03 low pivot.

 

GOLD_ GCQ16

Weekly – Still in the 2016 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Also in the move down. Trade pressures are down but rising. Volumes have changed to bullish from bearish.

A new long entry was triggered with a move thru the 1226 level. This occurred very quickly. The next target up is 1250.

Stops at the 1201 low pivot.

 

SILVER_ SIN16

Weekly – In a move down within the the uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. The 15.83 low was shy of the 15.29 target. Trade pressures are down but rising. Volumes have changed from bearish to bullish.

The next target down is still 15.29.

16.91 is the next long entry level.

COPPER_ HGN16

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

Daily – Long. The long entry is 2.09. Trade pressures are rising into neutral. Volumes are bullish.

The next target up is 2.15.

Stops set at the 2.03 lows.

[6-3-16: Raise stops to 2.09, the entry price.]

[6-3-16: Small AM sell off with jobs report, raise stops to 2.1080.]

[And the stops were triggered one hour later for a small profit.]

 

GOLD_ GCQ16

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

Daily – Flat. Took the profit at the 1224 target. Trade pressure are down and extended. Volumes remain bearish.

The next target down is 1175. If long the stops are 1224.

 

SILVER_ SIN16

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

Daily – Flat. In the move down. Trade pressure are down and extended. Volumes remain bearish.

The next target down is 15.29. Stops at 16.35.

COPPER HGN16

Weekly – Traded down near the 2.02 weekly downside target. Trade pressures remain down. Volumes remain bearish.

Daily – Flat. The 2.05 target has been met. Trade pressures are extended down. Volumes are bearish.

The next target down is the prior low of 1.94.

The hourly is approaching oversold. A close above 2.09 would signal higher.

[5-25-16: the 2.09 long entry is triggered. Set the stop at 2.03. The next target up is 2.15.]

 

GOLD_ GCM16

Weekly – In the move up. The next weekly target up is 1336. Trade pressures are up but declining. Volumes have changed to bearish.

Daily – Short. In the move down from the short entry of 1271. Trade pressures are down. Volumes remain bearish.

The 1255 target has been met. The next target down is 1224.

Lower stops from the 1271 break-even to the 1261 prior pivot.

[5-24-16: lower stops to 1241, the 25×5 moving average.]

[5-25-16: lower stops to 1224.  The next profit target is 1215. Exit at that profit target.]

 

SILVER_ SIN16

Weekly – In a retracement after 18.06 nearly touching the 1816 weekly target. Trade pressures are up but declining. Volumes are now bearish.

Daily – Flat. In the move down from the 17.40 level. Trade pressures are now down. Volumes are bearish.

COPPER_ HGN16

Weekly – In the move down to a possible test of the January lows at 2.02. Trade pressures are down. Volumes have changed from bullish to bearish.

Daily  – Flat. In the move down from the 2.24 reversal. Trade pressures are down and extended. Volumes are bearish.

The next profit target down is 2.05. With the downward pressures fully over-sold, this profit target should be taken.

A close above 2.1610 would signal a new move up.

Use this 2.16 level as a stop.

 

GOLD_ GCM16

Weekly – In a move up. Trade pressures are up but declining. Volumes are mixed bullish to neutral. 1336 is a long confirmation.

Daily – Short. The short entry is 1271. Trade pressures are down. Volumes are neutral, changing from bearish.

The next target down is 1215.

Stops are at 1306.

[5-18-16: Change the target down to 1224. Take profits at this 1224 target.
And lower the stop to the 1271 entry price.]

 

SILVER_ SIN16

Weekly – Met the upside target last week. In a pullback as expected this week. Trade pressures are up. Volumes are mixed bullish to neutral.

Daily – Flat. In a move down. Trade pressures are neutral and declining. Volumes are bearish.

17.40 is a new short entry, But the hourly is still in a new move up.

Wait.

 

COPPER_ HGN16

Weekly – The downtrend stop has rejected price twice now. Trade pressures are down. Volumes closed bullish.

Daily – Flat. In a move down.  Trade pressures are down. Volumes are bearish.

2.05 is the next target down.

A close above 2.16 could signal a new move up.

 

GOLD_ GCM16

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

Daily – Flat. In the move up from the new long entry price of 1268. Trade pressures are up but stalling. Volumes are bullish.

The next target up is 1328.

A close below 12 70 could signal a new move lower.

 

SILVER_ SIM16

Weekly – At the 18.13 weekly target. Trade pressures are up. Volumes closed bullish.

Daily –  Flat. Consolidating between the 17.30-17.64 targets. Trade pressures are up but declining. Volumes have changed to neutral.

At a short entry price of 17.52. Bearish volume could signal lower.