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COPPER_ HGK23

Weekly – In the November 2022 uptrend. Trade pressures are still neutral. Volumes are now bullish.

Daily – Flat. In the move down from the 4.10 on Mar 2nd. Trade pressures are down. Volumes are now bearish.

Still below the 4.12 25×5 MA resistance. The next target down is 4.02. Oversold is expected at 3.94.

A close above 4.09 would signal higher.  Overbought levels will be near 4.27.

 

GOLD_ GCJ23

Weekly – In the December 2022 uptrend. Trade pressures are down after breaking support. Volumes remain bearish.

Daily – Flat, The break above 1833 signaled higher. Trade pressures are up. Volumes are bullish..

looking for a pullback and a change in the weekly pressures to enter long. The next target up is 1887. Overbought levels are 1879.

A close below 1846 would signal lower. Oversold target is 1816.

 

SILVER_ SIK23

Weekly – In the new February 2023 downtrend. Trade pressures have broken the uptrend support level. Volumes remain bearish.

Daily – Flat. The two hour chart is basing. Trade pressures are rising to the neutral zone.. Volumes are now bullish.

Now at the support line from the September lows. A break below will test the mid 19’s.

The close above 21.35 has signaled higher. The expected price target is now 22.30 which will be the new long entry.