#copperfutures #goldfutures #silverfutures

COPPER_ HGN23

Weekly – In the November 2022 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. At the 3.86 downside target. Trade pressures are down and turning up. Volumes are now neutral.

The next target down is 3.56. Oversold levels are 3.792.

The close above 3.88 has signaled higher, but waiting for better trade pressures. The expected oversold levels are 4.00.

 

GOLD_ GCM23

Weekly – In the December 2022 uptrend. Trade pressures are up and still rolling over. Volumes remain neutral.

Daily – Flat. Still in the short trade below 2022. Trade pressures are down. Volumes are bearish.

The next target down is 1961 and the expected oversold levels are 1984.

A close above 2005 would signal higher. The next overbought levels are 2048.

[5-2-23: Rallied off the oversold levels. The move thru the 2005 level has set a new long trade. The next target up is a test of the 2046 resistance. A break blow the 1989 level would signal lower.]

 

SILVER_ SIN23

Weekly – In the April 2023 uptrend. Trade pressures are up but turning down. Volumes are now neutral.

Daily – Flat. In the July contract. Have traded down thru the 25.00 short entry, but now back above.. Trade pressures are down but rising. Volumes are now bullish.

The next target down is 23.96. Oversold levels are at 21.40.

A close above 25.43 would signal higher. The overbought levels remain at 23.75.