/GC gold appears poised to rally on a solid break above the 60-min downtrend line (my preferred scenario) while a solid break below the 1492 support would be bearish.
/GC Gold 60m Sept 18th
/SI is backtesting the 60-min downtrend line & 17.880 support level following the recent breakout & will likely rally to any or all of the overhead targets *if* /GC gold makes a solid breakout above its comparable downtrend line as silver isn’t likely to go very far without gold rallying as well.
SI 60m Sept 18th
/PA palladium continues to struggle at the 1600ish resistance level & appears likely to fail here once again whether we get one last minor thrust higher or not, with a sell signal to come on a break below the minor uptrend line it is currently testing as well as the1567-1572 support zone just below. Initial pullback target is the intersecting uptrend line & price support zone above.
PA 60m Sept 18th
/NG natural gas sell signal still pending a breakdown below the uptrend line & 2.639 support level whether we get one last thurst to a marginal new (and still divergent) high or not.
NG 60m Sept 18th
/ZB 30-yr Treasury Bond continues to rally following the recent divergent low & still appears to have more upside after taking out the yellow downtrend line. Pullbacks to the minor uptrend line may provide objective entry or add-ons to /ZB or TLT although one should expect volatility in Treasuries with the FOMC announcement scheduled for 2 pm today.
ZB 60m Sept 18th
The next buy signal on /ZN 10-yr Treasury Bond or IEF (7-10 yr Treasury Bond ETF) to come on a break above the minor downtrend line with any pullbacks to the minor uptrend line providing objective long entries.
ZN 60m Sept 18th