COPPER_ HGZ15

Weekly – Trading pressures remain flat. Bearish volume for a second week now.

Daily – Flat. No trade. The pullback from the late Sept move up was stopped at the prior downside target of 2.24. In a move down from 2.30 with a first profit target of 2.12.

Also have traded thru a long entry price of 2.29 but the trade pressures are still down and do not confirm the trade. Volume has turned bullish.

Watch the 60 minute time frame for guidance.

GOLD_ GCZ15

Weekly – Still in down trend. Need a break above 1155. Trade pressures have turned up. Volume has been bullish for three weeks.

Daily – Flat. No Trade. The move has been up from an unconfirmed long signal at 1121. Now in a pullback to 1111 with a sharp rally on Friday closing at 1136. Trade pressures are neutral but trending upward. Volume closed bullish on Friday.

A close above the original 1121 long entry with confirmation of the indicators would signal a long trade.

SILVER_ YIZ15

Weekly – Trade pressures are up. Volume is bullish.

Daily –  NO Trade. Flat. Following Gold. Trade pressures are down but rising. Volume is bullish.

COPPER_ HGZ15

Weekly – Triggered the long confirmation three weeks ago. The subsequent pullback may test the prior lows. Trade pressures are neutral and rising. Volume changed from bullish to bearish.

Daily – Flat. The long trade was stopped out at break-even in this pullback. ( Price did trade thru the first upside profit target, a decision there would have preserved some profit.)

Trade pressures are down. Volume is bearish. A new move down is signaled at the 2.31 level. However the trade pressures are extended down so should see some rise in price to test the 25×5.

Wait for a pullback to the moving average and a second time down thru the 2.31 short entry.

GOLD_ GCZ15  reacting to the dollar?

Weekly – Still in down trend. Next down side target is 1053.  Trade pressures are just turning up. Volume has been bullish for two weeks.

Daily – Flat. A pullback to near the 1119 long entry price and the 25×5 gave a good opportunity for a long trade. However, SOM missed this one; no trade taken. The first profit target of 1156 was met in two days. Next profit target up is 1192 with resistance at the 1169 high pivot along the way.

Trade pressures are up. Volume is bullish.

SILVER_ YIZ15

Weekly – consolidating at the 14.15 low. Trade pressures are up. Volume is bearish and light.

Daily – Flat. No trades in silver. Trade pressures are neutral. Volume us bullish.

COPPER_ HGZ15

Weekly – Trade pressures are neutral. Volume is bullish.

Daily – Long. In the trade from the 2.32 entry price and reached the 2.47 target.  Trade pressures are down and Volume has turned bearish from bullish.

Now in a pull back with a 2.32 break-even stop.

[Update 9-22-15: stopped out at 2.32]

GOLD_ GCZ15

Weekly – Perking up? Trade pressures have turned to positive from neutral. Volume has changed from neutral to bullish.

Daily – Flat. No trade. Trade pressures are up. Volume has turned from bearish to bullish this last week. a long entry is signaled at 1120, but the 60 minute chart is showing over bot, so wait for some clarity.

While still in a downtrend, price has moved back up near 1133; a prior short entry level. So, two different opportunities.

SILVER_ YIZ15

Weekly – Trade pressures are up. Volume is slowing showing a neutral.

Daily – Flat. No trade. Trade Pressures are up. But volume remains bearish.

COPPER_ HGZ15

Weekly – Has now confirmed the daily move up. Trade pressures are down but trending up. Volume closed bullish for the week.

Daily – Long. In the trade from the 2.32 entry price. Trade pressures are up. Volume remains bullish. The first target up is 2.47 which was touched two days last week. The next target up is 2.53.

Raise stops to the entry price of 2.32.

A close below 2.29 will signal lower.

GOLD_ GCZ15

Weekly – Remains in the downtrend started Sep ’14. Trade pressures are neutral. Volume is also neutral. The weekly downside target is 1053.

Daily – Flat. The Aug 20th and 24th down days in the equity markets as they reacted to the Chinese Yuan devaluation really had no significant effect on Gold. The close below 1113 this last week has triggered a new short in Gold. Trade pressures are down. Volume is bearish.

The next support level will be the 1072 prior low.

This next week is FED “raise the rate” week. So wait for the trade to see the reaction and possible price improvement.

The stop will be 1169.

SILVER_ YIZ15

Weekly – Trade pressures remain neutral as the price continues to consolidate at the 14.16 low. Volume is still bearish.

Daily – No Trade. Trade pressures are up but no momentum. Volume is bullish.

COPPER_ HGZ15

Weekly – Next target down is 2.01, Trade pressures remain down. Volume has returned to bearish from the prior week’s’ bullish reading.

Daily – Long from the 2.32 entry level. Traded above the 25×5 moving average and up to the weekly long confirmation price level; then backed off without a close above that weekly level. Trade pressures are still up. Volume changed to neutral at the Friday close.

Next target up is 2.53.

Stops have been raised to 2.24.

GOLD_ GCZ15

Weekly – Trade pressures are up . Volume has turned to neutral for bearish. Next weekly target down remains 1047.

Daily – Flat. No Trade. A prior long entry was stopped out at 1130 which also coincided with the trade pressures turning down. Volume is also bearish.

A new short entry would be signaled with a pullback above the 1133 level and a subsequent close below 1133.

SILVER_ YIZ15

Weekly – Trade pressures are flat No direction. Volume is now bearish.

Daily –  Flat. no trade. Trade pressures are down. Volume has changed fro bullish to neutral.

COPPER_ HGZ15

Weekly – Trade pressures remain down. Weekly Volume has turned bullish. Need a close above 2.42 to confirm a new move up.

Daily – The trade is long. The Thursday close above 2.32 has triggered a new long position. Trade pressures are up. Volume has closed bullish for two days.  The next target up is 2.53.

Stops at 2.19.

GOLD_ GCZ15

Weekly – Trade pressures are up. But volume turned bearish at last week’s close. 1166 is the 25×5 moving average as resistance.

Daily – Flat. Trade was stopped out at the 1130 stop for a small profit. Trade pressures are down. Volume has been bearish for five days.

A close below 1113 would signal lower.

SILVER_ YIZ15

Weekly – Flat. Still side ways with no direction. Trade pressures are flat. Volume has turned bearish from bullish.

Daily –  Flat. Lower lows. Trade pressures are down. Volume is bearish.

COPPER_ HGU15

Weekly – consolidating around the 2.30 target area. Trade pressures are down. Volume remains bearish.

Daily – Traded down to the 2.25 target. One day of bullish volume mid week then back to bearish volume at the Friday’s close. Trade pressures are down.

Trade is flat. Need a close above 2.38 to start a new move up.

GOLD_ YGZ15

Weekly – In a move up to test the 25×5 moving average. Trade pressures are up. Weekly Volume is bullish.

Daily  –  Long from the 8-12-15 1108 entry price. Trade pressures are up. Volume remains bullish. At the 1165 target. The next target up is 1216. Expect some resistance here at 1165.

Stops at 1130. The next short entry is 1131.

SILVER_ YIU15

Weekly – Weekly price still consolidating at the 14.10 lows. Trade pressures are down. Volume is bullish.

Daily – Flat. The long trade was triggered at 14.83 and then stopped out six days later at the entry price. Trade pressures are up but falling. Volume has turned bearish from bullish. Look for a pullback into the low 14’s before a new long entry can be taken.

COPPER_ HGU15

Weekly – at the 2.31 downside target. Trade pressures are down. Volume remains bearish.

Daily – The 2.56 short trade triggered July 6th is approaching the 2.25 target. SOM missed this trade. Trade pressures are down but rising. Volume turned neutral mid week; so some potential for change.

Need a close above 2.42 to signal higher.

GOLD_ YGZ15

Weekly – Remains in the long term down-trend to the 1047 weekly target. Trade pressures are down but Volume has turned bullish.

Daily – SOM never got back in this down move from the June 22nd 1193 second time thru. Price is now consolidating around the 1095 target. The next Daily target down is 1066.

On 8-12-15, a new Long entry was been triggered at the 1108 entry price. The next target up is 1132. Trade pressures are up. Volume was bullish all last week.

Stops at the 1075 lows.

[8/20/15.: raise stops to 1111.]

SILVER_ YIU15

Weekly – The weekly low of 14.36 is a sufficient retest of the lows. Trade pressures are down but turning up. Volume has turned from two weeks of neutral to bullish.

Daily – Now (8-10-15) in the long trade from 14.83. The first target is 15.65. Trade pressures are up. Volume was bullish all week until the Friday close turned bearish.

Move the stop to the 14.83 entry price. [Stopped out on 8/18/15.]

COPPER_

Weekly – The long cycle is at the 2.32 target. Expect consolidation here. Trade pressures remain down. Volume is bearish.

Daily – Trade is still short from the 2.56 short entry. The next target down is 2.25. Trade pressures are down but showing some divergence. Volume is bearish.

Stops at 2.40. A close above 2.44 is required to reverse this short trade.

GOLD_

Weekly – Remains in the down trend. The next target down is 1046. Trade pressures are down. Weekly volume is bearish.

Daily – Friday had a bullish volume close. Trade pressures remain down. The short trade from the May 26th close below 1193 is still active. The next target down is 1066.

Move stops to 1130.  Need a close above 1108 to signal higher.

SILVER_

Weekly – Trade pressures are down. Volume has been neutral for two weeks indicating some short covering at the prior Oct ’14 lows.

Daily – Has been consolidating at the 14.66 downside target. Volume has changed from bearish to bullish at Friday’s close. Trade pressures are neutral and rising.

A retracement long entry is 14.83 with a 15.65 target. The 25×5 moving average is around 15 and would act as resistance.

Stops will be at the 14.32 low pivot.