Gold –
triggered the long trade at 1064, moved to the 1096 target, pulled back and has gapped up 25 pts today. next target is 1130.
long term pressures still down. a trade down thru 1091 would signal lower.
Silver –
Long term entry still 16.40, but will face the 16.99 resistance. long term trade and cycle pressures still down.
daily cycle traded down to extended target of 14.50.
Long entry price of 15.20 traded to first target of 15.75; pulled back, then traded thru new short term long entry with target of 16.85.
15.12 entry price for the short trade.
Platinum –
Long term trade still up, pressures down but extended.
Daily long entry was at 1518 next target 1585. also a short cycle target at 1561. time pressures down, trade pressures up. 1494 is the short entry price.
Palladium –
Long entry 413, next target 445. time and trade pressures up. also a short cycle target at 445. 410 is the short trade entry. March 3 the time pressures turn down.
Crude Light –
the long entry of 73 traded up then retraced to the entry price. the trade thru 74.32 gave a new long entry signal with a 77.62 target which coincides with the 78.09 pivot.
a trade down thru 73.43 would negate this move and signal a test of the recent lows.