#copperfutures #goldfutures #silverfutures

COPPER_ HGN23

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

Daily – Flat. Still consolidating at the 3.86 downside target. Trade pressures are up. Volumes are now bearish.

The next target down is still 3.56. Oversold levels are 3.79.

The close above 3.88 signal higher is still in effect, but waiting for better trade lower time frame setup; looking for a bullish reversal on the 2-hr chart. Now below the expected oversold levels of 3.96.

 

GOLD_ GCM23

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

Daily – Flat. Rallied above the 2005 long entry to a high of 2085 and then turned down on Friday to close below 2044, the new short entry. Trade pressures are now down. Volumes are bearish.

The next target down is 1983 and the expected oversold levels are 1999.

A close above 2078 is upside resistance. The next overbought levels are 2063.

 

SILVER_ SIN23

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

Daily – Flat. Traded above the 26.03 resistance levels.  Trade pressures are down but rising. Volumes remain bullish.

The next target down is 23.96. Oversold levels are at 24.85.

A close above 25.09 would signal higher. The overbought levels remain at 26.28.