Market Pressures_  #tradesummary

Copper is consolidating with a higher bias. Gold has a bit more to go on the downside. Silver is trying to consolidate, but still has lower targets.

The Crude run-up is getting extended. Natural gas looks to have some more room on the upside.

The US Treasury futures have lower targets nearby.

US Dollar futures have had a breakout to the upside and are close to upside targets.

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S&P 500 Futures_  #eminifutures  #spfutures

Monthly – Interestingly the net volumes for all months except one have been bullish. Trade pressures are up. Volumes closed the month of September as bullish.

Weekly – These last three weeks have risen off the 2112 short confirmation level. Trade pressures are now down just below the neutral zone. Volumes have been mixed neutral to now bearish.

Daily – Flat. There is a downtrend line from the Sept 8th high pivot that has acted as resistance for all the Sep-Oct rallies. This week’s price action touched the 2120 target. The next target down is 2088.

A close above 2152 would signal higher.