Market Pressures_ #tradesummary
- Copper is in consolidation, but now with some upward bias. Gold is in a new long trade. Silver is trying to break out above resistance.
- Crude is up against weekly resistance and showing higher targets. Natural gas is in a pull back and at a lower target.
- The US 30yr Treasury is in a new long moving up with Gold. The US Dollar futures have turned lower with continuing downward pressures.
___________________
S&P 500 Futures_ ESH17 #eminifutures #spfutures
Monthly – Still in the uptrend and in the confirmed move up from the 2153 level. Trade pressures are up. The December volumes closed bullish.
Weekly – New highs once more. Trade pressures are up. Volumes remain bullish. 2200 is the level to watch; would confirm a move lower.
Daily – Flat. Broke out above the resistance line at the end of the week. Trade pressures have turned back up. Volumes continue to be bullish.
The next target up is 2306 with MACD resistance at 2289.
A close below 2251 would signal lower. Set any stops here.