COPPER_ HGN16

Weekly – a break above 2.31 will change the direction of the weekly trend to up. Trade pressures are up. Volume has been bullish for three weeks in a row.

Daily – Flat. The long trade from 2.14 has been stopped out at 2.24 with a nice gain of $2500 per contract. Trade pressures are up but declining. Volumes are mixed neutral to bullish.

Expect resistance at the 2.30 target which is also the the weekly downtrend stop.

Hourly is over-bot.

 

GOLD_ GCM16

Weekly – In an uptrend. 1336 is the confirmation level of a new longer term upmove. Trade pressures are up but declining. Volumes have been bullish for many weeks.

Daily – Flat. But in a new upmove. 1266 was a new long entry trigger. Trade pressures are up. Volumes have changed from bearish to bullish in the last two days.

The Next target up is 1328.

Stops too far away at 1207.

 

SILVER_ SIM16

Weekly – At A weekly upside target of 18.12. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up. Trade pressures are extended up. Volumes have resumed their bullish mode after a four day pullback.

Reached the 17.30 target, had the expected consolidation and then moved up thru and to the 17.64 target.

The next target up is 18.85.

Stops at 16.33

 

COPPER_ HGK16 – HKNUZ Trading terminates on the third last business day of the delivery month.

Weekly – Second week up in long confirmation. Trading pressures are rising into neutral. Volumes have changed from neutral to bullish.

Daily  – Long. In the trade from the 2.14 long entry.  Up against resistance and at the 2.30 target. Trade pressures are up and extended. Price rose against two days of bearish volume.

The next target up is the 2.32 recent high pivot.

Raise stops to 2.24.

[4-27-16: stopped out at the 2.24 level for a ten cent profit.]

 

GOLD_ GCM16    GJMQVZ  Trading terminates on the third last business day of the delivery month.

Weekly – Stuck in this range of 1200 to 1250. Trade pressures are still up but declining. Volumes have been steadily bullish.

Daily – Flat. Continues the volatile moves up and down reacting to external events. Trade pressures are declining into the neutral zone. Volumes are mixed bullish to bearish.

The daily bias seems to be bearish, but the hourly is over sold.

 

SILVER_ SIK16    HKNUZ   Trading terminates on the third last business day of the delivery month.

Weekly – Broke out of the Feb-Apr channel. Trade pressures have risen to the neutral zone. Volumes have been bullish but closed the week as bearish.

Daily – Flat. In the move up from 15.37. Both the 16.34 and the 17.30 targets have been met. Trade pressures are fully over-bot. Volumes have changed from bullish to bearish and to neutral.

16.75 should be a stop.

COPPER_ HGK16

Weekly – The weekly long confirmation at 2.16 is still active. Trade pressures are down. volumes are mixed, bearish to neutral.

Daily – Long. Have traded thru the new long entry of 2.14, so a new long entry at 2.14 on the small pull-back Friday. Trade pressures are rising and are neutral. Volumes are bullish.

The next target up is 2.26.

A close below 2.07 is the stop.

[4-19-16: Raise stops to the entry price, 2.14]

[4-21-16: raise stops to 2.19]

 

GOLD_ GCM16

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

Daily – Flat. Trade pressures are down. Volumes have turned to bearish.

Moving average is flat. 1253 seems to be a pivot point; could go either way from there.

 

SILVER_ SIK16

Weekly – Continuing last week’s move up. Trade pressures are up. Volumes are bullish. Silver and gold seem to be diverging?

Daily – Flat. Trade pressures are up and extended. Volumes are bullish.

Traded down and back up thru the March long entry price of 15.16. The first profit target price of 16.07 has been met. The next target up is 16.96.

A close below 15.74 would signal lower. Use that level as a stop.

COPPER_ HGK16

Weekly – Attempted a break up out of the downtrend, but failed last two weeks. Trade pressures are down. Volume has changed from neutral to bearish.  The weekly MACD will turn negative below 2.00.

Daily – Flat. The short trade met the 2.11 profit target for a nice profit.  Trade pressures are down and extended. Volumes have turned neutral from bearish.

There is another target down at 1.97 which is also a prior low.

A close above the 2.14 level could signal higher.

 

GOLD_ GCM16

Weekly – Remains in the uptrend. Trade pressures are up but have been declining. Volumes remain bullish.

Daily – Flat. In a short term move down and has pulled back to resistance. Trade pressure are just turning up. Volumes are bullish.

Watch the weekly MACD at 1215.

Trend is flat, so no momentum and no trade.

 

SILVER_ SIK16

Weekly – Side ways in a new uptrend. Trade pressures are down. Volumes are mixed neutral to bullish.

Daily – Flat. Also at the resistance. Trade pressures are turning up. Volumes are changing from neutral to bullish.

No trade.

 

COPPER_ HGK16

Weekly – Still in the downtrend, but a weekly long confirmation has been triggered. Trade pressures are up but declining. Volumes have changed from bullish to neutral which suggests some profit-taking or distribution.

Daily – Short. The 2.27 entry price was triggered 3/23. Price has moved thru the first profit target of 2.19. Trade pressures remain down. Volumes remain bearish.

The stops are at 2.20.

The next profit target is 2.11.

[4-4-16: lower stops to 2.17]

[4-5-16: take profit at the 2.11 target]

 

GOLD_ GCM16

Weekly – In the move up from the 1147 confirmation. Trade pressures are up but declining. Volumes remain bullish.

Daily – Flat. In a pullback inside the uptrend which began with a close below the 1153 level.  Trade pressures are down but rising. volumes are mixed neutral to bearish.

If trading this retracement down, then the stops will be the entry price at 1253. The next target down is 1199.

 

SILVER_ SIK16

Weekly – In a sideways price channel after breaking up out of the downtrend. Trade pressures are down. Volumes are mixed bullish to neutral.

Daily – Flat. In a retracement move down. Trade pressures are down but rising. Volumes are mixed bearish to neutral.

COPPER_ HGK16

Weekly – Have begun a pullback form the downtrend resistance line. Trade pressures are up but at the extremes. Volumes have turned from bullish to neutral.

Daily – Short. The Wednesday break down thru 2.27 has setup the new short trade. Trade pressures have turned down and are in the neutral zone. Volumes have turned from bullish to bearish.

The next target down is 2.19.

Stops at the short entry price of 2.27.

[3-30-16: Lower stops to 2.22. Trade pressures are now solidly negative, nearing the first profit target.]

[4-1-16: Lower stops to 2.20]

 

GOLD_ GCJ16

Weekly – In the uptrend, and now consolidating after a six week run up. Trade pressures are up but rolling over. Volumes remain bullish but also are declining.

Daily – Flat. In a new move down. The trade above and the subsequent trade below the 1253 was missed. Trade pressures are down. Volumes remain bearish.

The next target down is 1197. Stops should be at the short entry price of 1253.

 

SILVER_ SIK16

Weekly – Seven weeks of consolidation. Trade pressures are up but declining. Volumes have changed from bullish to neutral.

Daily – Flat. No trade taken. Did get a break down setting up a target of 14.46. Trade pressures are down. Volumes have changed from bullish to bearish.

Stops would be at the entry price of 15.51.

COPPER_ HGK16

Weekly – Has moved up to touch the downtrend resistance line and has closed above the 25×5 moving average. Trade pressures are up but extended. Volumes remain bullish.

Daily – Flat. Have reached the 2.32 extended target; That price level with the weekly at the downtrend line should generate some consolidation and perhaps a pullback.

Trade pressures are still trending up with a downward bias. Volumes remain bullish.

2.27 is a trigger for a new move down.

 

GOLD_ GCK16

Weekly – In the uptrend. After two weeks of neutral volume perhaps indicating some distribution, bullish volumes returned for the next three weeks. Trade pressures are up and extended. The next weekly target up is 1319.

Daily – Flat. Still in the uptrend and still watching the 1253 level for a downside trigger. Price has pulled back above the trigger giving another chance to take a short. Trade pressures are down but rising. Volumes have been neutral to bearish.

Until the 1197 downside resistance is taken out Gold is still in an uptrend, so any short is a counter trend move. Watch for a spike up to indicate some exhaustion and then consider the short.

 

SILVER_ SIK16

Weekly – Trading side ways. Trade pressures are up but declining. Volumes remain bullish.

Daily – Flat. Trade pressures are down. Volume are mixed bearish and bullish.

Congestion and high volatility. Stay away.

COPPER_  HGK16

Weekly – Traded up to the weekly trend reversal level and stopped. Trade pressures are up and extended. Volumes remain bullish.

Daily – Flat. The last trade was stopped out at the 2.26 level. Trade pressures are up but rolling over. Volumes remain bullish.

In the down trend to the 2.16 level. The prior high pivot was 2.15, so also look for support in that area.

 

GOLD_ GCJ16

Weekly – In the uptrend. 1319 is the next target up. Trade pressures are up but extended. Volumes remain bullish.

Daily – Flat. In a second leg up from the 1240 level. but now testing that same level to the downside. Trade pressures are up but showing divergences. Volumes remain bullish.

Look for changes in the volume to signal a retracement. Need a close below 1253 to trigger lower.  Volatility is very high. The average true range is near 30 points, so manage any trade carefully.

 

SILVER_ SIK16

Weekly – The close above 15.50 in mid February put Silver in an uptrend. Trade pressures are up but declining. Volumes are still bullish.

Daily – Flat. In a move up inside  the downtrend. Trade pressures are up but declining. Volumes are bullish.

High volatility without direction.

 

 

COPPER_ HGK16       Very rapid move up after breaking above the 2.15 pivot.

Weekly – Trade up to and thru the 2.16 long confirmation price level. The next weekly target is 2.54. Trade pressures are up. Volumes remain bullish.

Daily –  Long. In the March contract from 2.04 to 2.17, then rolled to the May contract at the 2.174 level. Next target up is the 2.32 level. Trade pressures are up. Volumes are bullish.

Raise stops to 2.23.

[3-7-16: raise stops to 2.26] [3-7-16: stopped out (@2.26) in the after hours trading.]

 

GOLD_ GCJ16

Weekly – In the second leg up and in the targeted range. Trade pressures are up, but very extended. Volumes have changed from neutral back to bullish.

Daily – Flat. The upward move went parabolic and then formed a rising wedge. Now, Gold has broken out again to the upside. The trade pressures are up but declining. Volumes are bullish.

A trade below 1246 would signal lower.

 

SILVER_ SIK16

Weekly – Also showing long entry confirmation at the 15.10 price. Trade pressures are up, but declining. Volumes have changed from bearish to bullish.

Daily – Flat. The prior short trade moved down to the first profit target, then turned up and traded thru the 15.14 long entry price. Did not enter as the indicators were all bearish.The next target up is 16.00 which coincides with the prior February high. Probability suggest taking profits at that target. Trade pressures are neutral but rising. Volumes have changed from bearish to bullish.

Stops would be at the 15.14 entry price.

COPPER_ HGH16

Weekly – rallied to near the long confirmation price of 2.17. Trade pressures are up. Volumes have changed from neutral to bullish.

Daily – Long. The 2.12 level resistance gave way for a sharp rally up; price is now supported at that level, The next target up is 2.164. Trade pressures are up, but declining. Volumes have changed from bullish to bearish to bullish.

Stops remain at 2.07.

A close below 2.07 would signal lower.

[3-2-16: roll to May contract – sell March at 2.17, buy May at 2.174; and raise stops to 2.15]

[3-3-16: raise stops to 2.175]

 

GOLD_ GCJ16

Weekly – After a six week run now showing some distribution. Trade pressures are up and extended. Volumes have changed to neutral for these last two weeks.

Daily – Flat. Attempted a short last week , but was stopped out with a break-even trade. Trade pressures are up but rolling over. Volumes remain bullish.

If volumes change to neutral may short again at the 1229 level.

 

SILVER_ SIH16

Weekly – Silver is the short that we expected from gold. Trade pressures are up but rolling over. Volumes have changed from bullish to bearish.

Daily – Flat. Never executed the long trade from 14.30. Price reached multiple upside targets near the 16 level two weeks ago. A new short trade at 15.35 was signaled this last week. But again mnissed this trade. Trade pressures are down. Volumes changed to bearish mid week.

If you are in this, stops are at 16.02.