COPPER_ HGH16

Weekly – Still consolidating around the lows at 2.02. Trade pressures are down but extended. Volume remains bearish. The down ward time cycle is complete on 12-25-2015.

Daily – Long. The trade entry at 2.0810 was triggered. Hard to know why fundamentally; perhaps the China economy is steadying? Trade pressures are crossing up past neutral. Volume closed bullish on 67,000 contracts Friday. The next target up is 2.1950.

Stops at the 2.020 lows.

 

GOLD_ GCG16

Weekly – Still in consolidation at the 1054 target. trade pressures are down, but extended. Volumes have changed back to bearish from bullish.

Daily – Flat. Trade was stopped out at the entry price for no gain. Trade pressures have dropped back into the neutral zone. Volumes remain bullish.

 

SILVER_ YIH16

Weekly – Again in the same consolidation that Gold is showing. The long term downtrend is intact. Trade pressures are down and extended. Volumes have changed from bullish to neutral.

Daily – Flat. Trading back down to the recent spike lows. There are targets near the 13-13.25 levels. Trade pressures are down. Volumes have changed from neutral to bearish.

 

COPPER_ HGH16

Weekly – The third week at these lower targets. Trade pressures are down. Volume remains bearish. Next weekly target down is 1.456

Daily – Flat. But very near the long entry price of 2.0810. Trade pressures are down but rising. Volume has been neutral for four days, perhaps an indication of short covering or accumulation.

Need a close above 2.0810 to trigger a new long entry.

 

GOLD_ GCG16

Weekly – Two weeks around the 1054 target. Trade pressures are sown. Volumes have changed to bullish.

Daily – Long. After a Thursday “wash and rinse” down thru the 1053 area to a low of 1045, price reversed to the upside on bullish volume. Friday price traded up thru the long entry price in the second hour of the morning.

Trade pressures have risen to neutral. Volume has been bullish for two days.

Price has closed well above the long entry. Raise Stops to the long entry price (1074).

 

SILVER_ YIH16

Weekly – Similar consolidation to Gold. Trade pressures are down. Volume has changed from bullish to neutral.

Daily – Flat. Two up days have reached the Long entry price. but the hourly indicator is very overbot, so wait for a small pull back for some price improvement.

Trade pressures are down but rising. Volume has been bullish for two days.

COPPER_ HGH16

Weekly – Met the expected low of 2.01. Trade pressures are down. Volume is bearish.

Daily – Flat. In consolidation at the 2.03 target. The 2.08 entry price was tested, but no close above to trigger a new long. Trade pressures are down but showing some divergence. Volume is still bearish.

Need a close above 2.08 to trigger a new long.

 

GOLD_ GCG16

Weekly – Testing the weekly downside target of 1053. Trade pressures are down. Volume remains bearish.

Daily – Flat. The consolidation breaks to the downside to a new low of 1051. Trade pressures are down but rising. Volume is still bearish.

The next target down is 1043.

Need a close above 1073 to trigger a new long entry.

 

SILVER_ YIH16

Weekly – Breaking the lows. Still in a downtrend. Trade pressures are down. Volume has changed form bearish to bullish.

Daily – Testing the August ’15 lows. Trade pressures are down but trending upward. Volume is bearish. Next target down is 13.55.

Need a close above 14.51 to trigger a new long entry.

COPPER_ HGZ15

Weekly – The weekly downside target of 2.01 is nearby. Trade pressures are down. Volume remains bearish.

Daily – Flat. In the down move. The next target down is 2.0047. Trade pressures are down hard. Volume has been bearish from the downside break on 11-5.

A close above 2.10 would signal higher.

{11-24-15 lower long entry price to 2.08]

 

GOLD_ GCZ15

Weekly – In the down trend since October of 2014. The weekly downside target of 1053 has been in place since September of 2013 (adjusted quarterly for contract changes). Trade pressures are down. The last three weeks of volume has been bearish.

Daily – Flat. Still in the downtrend. Showing consolidation around the 1075 downside target. the next target down is 1040. Trade pressures are down but show some divergence. Volume has changed from bearish, to bullish, to neutral. This might indicate short covering.

A close above 1084 would signal higher.

 

SILVER_ YIZ15

Weekly – Testing the 2014 lows. Trade pressures are down. Volume is bearish.

Daily – Flat. Still in a downtrend . Trade pressures are but as with gold showing some divergence. Volume is changing from bearish to neutral. The next target down is 13.86.

a close above 14.55 would signal higher.

COPPER_ HGZ15

Weekly – In the down move after the break of the 2.31 support. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down. The 2.17 downside target has been reached, price is consolidating here. The next target down is 2.04. Trade pressures are down. Volume is bearish.

Need a close above 2.23 to enter a new long.

 

GOLD_ GCZ15

Weekly – Retesting the July lows. Trade pressures are down. Volume is bearish.

Daily – Flat. Still in the down-move. the 1075 target has been reached. Trade pressures are down. Volume had one day of bullish volume at the lows but closed as bearish on Friday.

Need a close above 1095 to establish a new long.

 

SILVER_ YIZ15

Weekly – In the downtrend. Still in consolidation at these lows. Trade pressures are down. Volume is bearish.

Daily –  Flat. In a move down from the 15.38 short entry signal. Next target is 13.88 and the pivot low at 13.94.

Trade pressures are down. Volume is bearish.

Need a close above 14.71 to establish a new long position.

The US$ Dollar (DX) rise affects the metals.

COPPER_ HGZ15

Weekly – The China slowdown still in the news.

Copper in retreat since closing above the 2.42 weekly long entry confirmation. Trade pressures are down. Volume closed as bearish for the second week.

Daily – Flat. The price objective of 2.27 did not hold. Now retesting the 2.24 prior target. Trade pressures remain down. Volume is bearish.

The next target down is 2.21. The recent low is 2.19. Watch these targets for support.

Need a close above 2.30 to signal a new move up.

 

GOLD_ GCZ15

Weekly – In a downtrend. Trade pressures remain down. Volume has turned bearish from bullish.

Daily – Flat. In the move down from 1174. Profit taken at the 1120 target. Next target down is 1075. Trade pressures are down. Volume is bearish.

Need a close above 1108 to signal a new move up.

 

SILVER_  YIZ15

Weekly – In the downtrend. Still in consolidation at these lows. Trade pressures are down. Volume is bearish.

Daily –  Flat. In a move down from the 15.38 short entry signal. Next target is 13.88 and the pivot low at 13.94.

Trade pressures are down. Volume is bearish.

 

COPPER_ HGZ15

Weekly – The 2.42 long confirmation level has acted as resistance. Trade pressures are neutral and declining. Volume closed bearish for the week.

Daily – Flat. The congestion of last week has turned to the downside this week. The expected pullback to the 2.27 level is still the logical move. Trade pressures are down. Volume is bearish.

After a test of the 2.27 area, a move to close above 2.32 would signal higher.

 

GOLD_ GCZ15

Weekly – Remains in the downtrend. Trade pressures have turned down and are now in the neutral zone. Volume closed bullish for the week.

Daily – Short. Price rallied to 1183 ahead of the FED announcement, then traded sharply down thru the short entry price in the afternoon. Reached the first profit target down at 1147 the next day. The next target down is 1120.

Trade pressures are down. Volume is bearish.

A close above 1160 would signal higher. Stops at 1160.

[Update 11-3-15: lower stops to 1134. Take profit at the 1120 target.]

[Target met. Flat.]

 

SILVER_ YIZ15

Weekly – Still in downtrend. Trade pressures are up but declining. Volume has changed from neutral to bearish.

Daily – Flat. The consolidation at the 16.08 upside target continues. Trade pressures are down. Volume is bearish.

A close below 15.38 will signal lower.

COPPER_ HGZ15

Weekly – Bumping up against the weekly long confirmation of 2.42 without success. Trade pressures are now up. Volume remains neutral.

Daily – Trade is Flat. The 2.32 – 2.37 area is the pivot area between long or short. Trade pressures are down but rising. Volume is bearish.  The 60 min internals are also showing downward pressures.  Perhaps a pullback in the longer cycle move up.

Look for a move down to the 2.27 area to set up a new long.

 

GOLD_ GCZ15

Weekly – While still in the downtrend, Trade pressures are up. and Volume has been bullish for six weeks.  Need a close above 1225 to change the trend.

Daily – Short. The early October move up almost met the 1194 full move projection. Last weeks move below 1174 has triggered a new short entry. Trade pressures are still up. Volume has turned bearish.

Still in Daily uptrend. Wait for a pullback up to the 1174 short entry.

 

SILVER_ YIZ15

Weekly – Trade pressures are up but extended. Volume has changed from bullish to neutral.

Daily – Flat. In a move up. The next target up is 17.41. As with gold, the market turned down in the last three trading days. In consolidation around the 16.07 level. Trade pressures are up but declining . Volume is bearish.

Need a close below 15.38 to signal a new move down.

COPPER_ HGZ15  (reputed to be a short proxy for the Chinese markets when the PRC prohibited short selling.)

Weekly – The 2.42 weekly confirmation level is acting as resistance. Trade pressures are up. Volume is neutral.

Daily – Long. Still in the long trade from the 2.32 entry price. Now in consolidation around the first profit target of 2.40. The next target up is 2.52.

Trade pressures are up but extended. Volume has changed from bullish to neutral. Volume is light.

Move stops to 2.36, the 25×5 moving average.

[10-19-15 update: HGZ15 stopped out @ 2.36 in the Monday morning premarket.]

 

GOLD_ GCZ15

Weekly – Has closed above the 25×5 moving average. Trade pressures are up. Volume remains bullish.

Daily – Flat. The move is up but missed the 1121 entry twice. 1194 is the next target up. Trade pressures are up but extended. Volume is bullish, but also showing some slowing of this move.

A close below 1174 could signal a retracement down to the 1147 area.

 

SILVER_ YIZ15

Weekly – Also closed above the 25×5 moving average. Trade pressures are up. Volume is bullish.

Daily –  Flat. No trade. Too much volatility with big three day moves up or down and then followed by congestion. Trade pressures are up. Volume is bullish but declining.

COPPER_ HGZ15

Weekly – Weekly attempting to confirm the long move on the daily. Need a close above 2.42. Trade pressures are up. Volume has changed from bearish to neutral.

Daily – Long from 2.32. Trade pressures move to positive on Monday. Two days during the week traded below the 2.32 long cycle entry price. First profit target is 2.41. Friday closed above this target. the next target is 2.52. Volume is bullish.

Stops are at 2.32.

 

GOLD_ GCZ15

Weekly – At the 1155 resistance. Trade pressures are up. Volume remains bullish.

Daily – Flat. No trade. Made a retracement move up inside the longer cycle move down. Trade pressures are up. Volume is bullish.

Missed the 1121 entry, no confirmation. Look for a pullback to the 1128 resistance for a second possible long entry.

 

SILVER_ YIZ15

Weekly – SILVER at the 15.18 resistance. Trade pressures are up. Volume is bullish.

Daily – Flat No Trade. Completely missed this move up. from 14.32. Trade pressures are up. Volume is bullish.