#copperfutures #goldfutures #silverfutures

COPPER_ HGN23

Weekly – Now in a new May 2023 downtrend. Trade pressures are now up. Volumes are bare now bullish.

Daily – Long. Now above the the 200 day MA and the the new long entry at 3.82 on 6/20. Trade pressures are up. Volumes are neutral.

The next target up is 4.09. Overbought levels are now 3.93.

A new close below 3.82 would signal lower. The expected oversold levels are now 3.65.

[6-23-23: Stopped out at the BE of 3.82.]

 

GOLD_ GCQ23

Weekly – In the November 2022 uptrend. Testing the support levels. Trade pressures are now down. Volumes remain bearish.

Daily – Short. down hard after the long weekend. Trade pressures are down into the neutral zone. Volumes are are now neutral.

The next target down is 1923; well below the expected oversold levels at 1953.

A close above upside resistance at 1965 signals higher. The next overbought levels are 1995.

[Reverse at the 1930 long entry. SL at 1919.]

 

SILVER_ SIN23

Weekly – In the April 2023 uptrend but testing support. Trade pressures are in the neutral zone. Volumes remain bearish.

Daily – Flat. stopped out of the 24.26 long trade. Trade pressures are now down. Volumes are bullish.

The next target down is 22.94.  Oversold levels are 22.81.

A close above 23.89 would signal higher. Overbought levels are expected at 24.54.