Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH23

Weekly – The 3.96 held as resistance/ Trade pressures are down into the neutral zone. Volumes remain  bullish.

Daily – Flat. In the move down from the 3.82 short entry on 11/15. Trade pressures are up. Volumes are bearish.

The next target down is 3.42. 3.51 is oversold.

A close above 3.66 would signal higher. 3.93 is overbought.

 

GOLD_ GCG23

Weekly – In the July 2022 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move down from the 1755 level on 11/21. Trade pressures are up into the neutral zone. Volumes are bearish.

The next target down is 1703. 1716 is oversold.

A close above 1776 would signal higher. 1798 is overbought.

 

SILVER_ SIH23

Weekly – In the May 2022 downtrend. Testing the resistance. Trade pressures are up but rolling over. Volumes are bullish.

Daily – Flat. In the move down from the 21.67 short entry on 11/16. Trade pressures are up. Volumes are now bullish.

The next target down is 20.78.

A close above 21.90 would signal higher.