COPPER_

Weekly – Trade pressures are above zero, positive, and Volume is confirming with weeks of bullish reads.

This 3.00 is acting as resistance.

Daily – in the up-trade and consolidating at the first target of 2.91. The next target up is 2.97 then 3.07.

a close below 2.81 would stop out this trade.

GOLD_ a Hint of inflation?

Weekly – Volume turns bullish, but still in the negative trade pressures. 1045 is still the downside target.

Daily – Volume gave a buy signal mid week. Trade pressures have turned up. A short cycle long entry occurred at 1190. The 1221 target is acting as resistance. The next target up is 1253.

Stops at the 1190 entry price.

SILVER_ You know something is happening when you start to see all the “JPM is short a massive position” conspiracy stories come out again.

Weekly – Trade pressures remain flat. Volume has turned bullish. Down side target remain 10.70.

Daily – Had a spike down to 16.0 to flush the weak longs out and then turned up on good volume mid week. A re-entry of the March long trade at 16.33 was signaled. The next target up is 18.05.

Stops at the long entry of 16.33.

COPPER_ Consolidating.

Weekly – Trade pressures are up. Volume is bullish. Has crossed over the 25×5. Weekly target is 3.00.

Daily – Consolidating at the confluence of the  December 2014 high and the daily 2.91 target. The next target is 2.91 and then 3.17. Trade pressures are up and volume continues to be bullish.

Stops at the 25×5, 2.75.

GOLD_

Weekly – Bias remains down. Trade pressures are down. Volume is bearish. Next weekly target down remains 1045.

Daily – In congestion. Trade pressures are neutral. Volume is bearish to neutral. Two trades are indicated, long from 1184 to the next target of 1252 and, on a shorter cycle, in a retracement trade down from the same 1184 to 1143.  No momentum , so trade is flat.

SILVER_

Weekly – Trade pressures are flat. Volume is bearish.

Daily – much the same as Gold, with two trades on different cycles indicated. Trade pressures are neutral to bullish. Volume has changed to bullish from neutral.

But no momentum, no trade.

COPPER_ China seems to be accumulating industrial metals.

Weekly – broke out of the downtrend with authority. Trade pressures are up. Volume is bullish.

Daily  – Long from the 2.78 entry price and at the first target of 2.91. The next target up is 2.97.

Stops at 2.65.

GOLD_

Weekly – Trade pressures are down and Volume is bearish.  Still have the 1045 target active.

Daily – after triggering the short trade on 4/24 attempted a  rally but now the last three days have traded below the short entry. The next target down is 1143. Trade pressures are neutral. Volume is bearish.

Stops at 1217.

SILVER_

Weekly – still no momentum. Trade pressures are flat. Volume is bearish. looking for a retest of the lows.

Daily – still in the March long trade from 16.33.
Trade pressures are flat. Volume is neutral. the retracement trade down is complete after reaching the 15.61  downside target. The next target up is 16.050. the next target down is 14.38.

 

COPPER_

Weekly – The weekly confirmed an uptrend in late February, but has not been able to follow thru.
Trade pressures are up now and the volume has been bullish for three weeks.

Daily – the daily trade long occurred in early Feb and reached the target in late March. This last month has been characterized by a consolidation between the old 2.67 and 2.87 targets.
Trade pressures are down and volume is bearish, So, the bias remains down. A close below 2.63 would signal lower.

GOLD_  Not behaving well. One would expect the currency confusions to put a bid under gold.

Weekly – Trade pressures are down. Volume has changed from bullish to bearish this last week. The weekly remains in the secondary down move started in late 2013. The next weekly target is 1045.

Daily – Gold was in the long trade from 1184 , rallied to a short cycle target of 1230 and then began a two week consolidation.
Friday’s close has triggered a short from 1187 which produces an 1123 target.

Stops at 1226.

SILVER_

Weekly – Still in the trade down 21.50 to 10.70 Trade pressures are down. Volume has turned bearish.

Daily – The long cycle is short from 16.64 with a 13.89 target. the March retracement trade rallied to 17.52 but never stopped that shrt trade. A shorter cycle short trade has been triggered on 4/9 at 16.33 with a 15.29 target. That target was met on Friday. the next target down is 14.29.

Stops at 16.85.

COPPER_

Weekly – The China trade has been dramatic but not reflected in the copper futures. In a confirmed move up from 2.63. Projecting a weekly target of 3.00. Trade pressures are up. Volume has been bullish for two weeks.

Daily – The daily trade is flat. Trade pressures are up . Volume is bullish.

GOLD_

Weekly – still in the short trade from 2014. Trade pressures are down. Volume is bullish. The 1142 target has produced consolidation.

Daily – In the long trade from 1184. the next targets up are 1230 and 1252. Trade pressures are up. Volume is neutral.

Stops at 1169.

SILVER_

Weekly – Trade pressures flat. Volume is Neutral.

Daily – Long from 16.33. the next target up is 18.05. However Trade pressures are down and Volume has turned bearish this last week.  Move stops to 15.83.

COPPER_

Weekly – Trade pressures continue to rise. Volume changed to bullish at last week’s close. The 25×5 moving average is acting as resistance.

Daily – Remains in consolidation with a bias to the downside. Trade pressures are down. Volume is bearish. A short entry is at 2.74; but the 25×5 is at 2.71, so wait for confirmation.

GOLD_

Weekly – the 1142 low held again/ Trade pressures are down. Volume changed to bullish albeit very light volume.

Daily –  the trade is long from the 1184 entry. Trade pressures are up to flat. Volume is bullish from last weeks bearish. The next target up is 1230 and 1252.

Stops at 1169.

SILVER_

Weekly – The trading pressures are flat for these last few weeks. Volume is still neutral,

Daily – The trade is long from 16.38 with the next target up of 18.05. Trade pressures are flat to down. Volume is bearish.

COPPER_

Weekly – still under the 25×5 moving average. Trade pressures are neutral but trending upward. Volume is neutral changed from bearish.

Daily – Still in the consolidation after reaching the 2.64 – 2.67 targets. Trade pressures are up but declining. Volume is bearish.

GOLD_

Weekly – Still in the channel bounded by 1129 and 1295. Trade pressures are neutral and rising. Volume remains bearish.

Daily – In the long trade off the 1142 low. The next target up is 1253.. Trade pressures are up. Volume is bullish.

SILVER_

Weekly – Sideways with neutral Trade pressures. Volume is bullish.

Daily – In the long trade from 16.33. The next target up is 18.05. Trade pressures are up. Volume has turned bullish from bearish.

COPPER_ Uptick in China indices this Monday morning.

Weekly – this retracement up in the weekly downtrend continues. Trade pressures are up. However, volume turned to bearish at last weeks close. The 25×5 moving average has stopped the momentum.

Daily – The daily trade up met multiple targets in the 2.85-2.87 area; in consolidation now. Trade pressures are up. Volume is neutral.  The next target up is 3.06.

a close below 2.74 would signal lower.

GOLD_

Weekly – Trade pressures are neutral. Volume is bearish. still in the down trend. the next weekly target down is 1045.

Daily – In a new retracement trade up from the 1184 long entry. Trade pressures are up. Volume is bearish these last three days. The next target up is 1252.  Stops are at the 1150 lows.

SILVER_

Weekly – Trade pressures are neutral. Volume is bullish. the long entry is 21.47.

Daily – In the long trade from 16.33. The next target up is 18.05. Trade pressures are up. Volume is bearish.

COPPER_ been looking for a bottom since the first of the year.

Weekly – the 2.32 downside target has not been met and the shorter weekly cycle has gone long at 2.60. Trade pressures are below zero but have turned up. Volume has been bullish for four weeks. 3.005 is the next weekly target up.

Daily – In the move up from the late January trigger of 2.50, had a volume breakout on Feb 23rd but that move was stopped by the 2.67 upside target then pulled back. Friday’s volume indicated another break to the upside. the next target up is 2.84.

a break down below 2.54 would signal failure of this move.

GOLD_ You would expect gold to be moving up dramatically in a period of competitive devaluation of the currencies. It is not. So, something else is of concern. Possibly deflation. Where is Peter Schiff? Certainly all of the commodities have been a long term price decline which is reflective of the slowing global economy.

Weekly – Still in the trade down from 1285, the 1142 price target held once again; even in the face of declining trade pressures and bearish volume. A breakdown would activate the 1045 downside target.

Daily – still in the move down following the Nov’14 trade up to the 1304 target. This short trade was triggered at 1278, traded down steadily thru the measured move and now is testing the 1142 lows. the next target down is 1104. Trade pressures are down but turning up. Volume is bullish these last two weeks.

a close above 1184 would signal a new move up.

SILVER_

Weekly – Trade pressures are up. Volume has turned bullish. the next target down remains 10.70.

Daily – Following the spike low on the first of December, silver entered the long trade at 15.61 moving up to the first target of 18.22. As with gold, price retraced to that 15.61 long entry. And now a shorter cycle trade has triggered a new long trade from 16.33. The next target up is 18.05. Trade pressures are up. Volume has been bullish for two days.

Stops are 15.27.

COPPER_ Continues to trade around the weekly long entry price of 2.62. Global demand will be moved by the Chinese and European economies.

Weekly – Trade pressures in negative territory but trending upward. Volume is bullish. resistance at 2.75.

Daily – Still in the long trade from the 2.51 long entry. Trade pressures are down. Volume is neutral. The next target up is 2.85.

a close below 2.55 would signal a new move down. The 2,36 downside target is still active.

GOLD_

Weekly – five weeks of bearish volume. Gold is now testing the prior 1142 lows. The next target down is 1045. Trade pressures are down.

Daily – dropped down thru the 1182 target with no support. the next target down is the prior low of 1129 in Nov ’14. Then the to 1104 extended target. Trade pressures are down. Volume is bearish.

need a close above 1189 to restart a move up.

SILVER_

Weekly – still in the weekly move down. the next weekly target is 10.70. Trade pressures are neutral. Volume is bearish.

Daily – in the retracement trade down to 13.695. Trade pressures are down. Volume is bearish.

Need a t close above 16.33 to stop the down trade and signal higher.