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COPPER_ HGK23

Weekly – In the November 2022 uptrend. Trade pressures are rising into the neutral zone. Volumes are bullish.

Daily – Flat. At the 4.09 new long entry. Trade pressures are down into the neutral zone. Volumes remain bullish.

The next target up is 4.37. Overbought is expected at 4.15.

A close below 4.03 would signal lower.  Oversold levels will be near 3.88.

 

 

GOLD_ GCM23

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

Daily – Flat, now at the upper median line resistance. Trade pressures remain up. Volumes are bullish..

The next target up is the recent high pivot at 2005 and the overbought levels is now 2015.

A close below 1949 would signal lower. Oversold target is 1927.

 

 

SILVER_ SIK23

Weekly – Testing the resistance of the February 2023 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. A new long entry was triggered at 23.05, but a tight stop was triggered for an immediate loss. Trade pressures remain up. Volumes are bullish.

Touched the 23.54 target, pulled back then move up in another leg higher towards the 24.39 target. Now above the overbought level at 23.24.

A close below 23.31 would signal lower. The expected oversold level is 21.98..