#copperfutures #goldfutures #silverfutures

COPPER_ HGK23

Weekly – In the November 2022 uptrend. Trade pressures are down but rising. Volumes are now bullish.

Daily – Flat. At the 406 upside target. Trade pressures are up. Volumes are bullish.

The next target up is the 4.35 recent high pivot. Overbought is expected at 4.13.

A close below 4.06 would signal lower.  Oversold levels will be near 3.78.

[3-27-23: Short at 4.06. SL at 4.08.] [AM. stopped out at 4.08.]

 

GOLD_ GCJ23

Weekly – In the December 2022 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat, now at resistance. Trade pressures remain up. Volumes are bullish..

The next target up is 2014 and the overbought levels is also 2014.

A close below 1954 would signal lower.

Oversold target is 1891.

[3-27-23: Short at 1954. SL at 1975.]

 

SILVER_ SIK23

Weekly – In the new February 2023 downtrend. Trade pressures are now up. Volumes are bullish.

Daily – Flat. A new long entry has been triggered at 21.75. Trade pressures remain up. Volumes are bullish.

Touched the 23.54 target and pulled back. Overbought level 23.24.

A close below 22.80 would signal lower. The expected oversold level is 22.09.

[3-27-23: Long at 23.05. SL at 23.01.]