COPPER_ HGN18  #copperfutures

Weekly – The basing continues. Trade pressures have risen into the neutral zone. Volumes remain neutral.

Daily – Long. The move above the 25×5 has provided confirmation. Trade pressures are up. Volumes are now bullish.

Buy any pullback toward the 3.08 long entry level. The hourly is overbought, so watch for that oscillator to recycle.

Stops are at the Friday low of 3.05.

A close below 3.01 low pivot would signal lower.

[5-15-18: Stopped out in the premarket.]

 

GOLD_ GCM18  #goldfutures

Weekly – The weekly has pulled back to the 25×5 moving average. Trade pressures are down. Volumes have changed from bearish to neutral.

Daily – Long. The 1316 long entry has triggered. Trade pressures are down but rising. Volumes are now bullish.

The next target up is 1339, with the 25×5 at 1332.

Stops are at 1302. Raise these to the entry price as soon as the move appears to continue up.

A failure to hold 1302 would signal lower.

[5-15-18: Tuesday AM immediately stopped out for a loss]

 

SILVER_ SIN18  #silverfutures

Weekly – Remains below the 25×5 moving average. Trade pressures are still in the neutral zone. Volumes have changed from neutral to bullish.

Daily – Flat. In the move up from the 16.55 long entry. Trade pressures are up. Volumes are now bullish.

The weekly does not confirm this trade.

A stop would be the low of last week at 16.33.