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COPPER_ HGu23

Weekly – In the May 2023 downtrend. Trade pressures are now down. Volumes are neutral.

Daily – Flat. The previous long entry was at 3.82 on 6/20. Stopped out 6/23 at BE; Still looking for a new long entry. Trade pressures are down but turning up. Volumes are neutral.

The next target up is still 4.09. Overbought levels are now 3.95.

A new close below 3.66 would signal lower. The expected oversold levels are now 3.68.

 

GOLD_ GCQ23

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

Daily – Flat. The short at 1930, and was stopped out on 6/28. Trade pressures are down. Volumes are are now neutral.

The next target up is 1965. The next overbought levels are 1985.

The next target down is 1901. The expected oversold levels are 1899.

 

SILVER_ SIU23

Weekly – In the April 2023 uptrend but testing support. Trade pressures are now down. Volumes remain bearish.

Daily – Flat. In the second leg down from the 23.50 short entry on 6/20. Trade pressures are now down. Volumes are bearish.

The next target down is 21.60.  Oversold levels are 21.19.

A close above 23.02 would signal higher. Overbought levels are expected at 23.31.