#copperfutures #goldfutures #silverfutures

COPPER_ HGU23

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

Daily – Flat. In the move up from the 3.74 trigger on 8-22.  Trade pressures are up. Volumes are now bearish.

Still waiting for a pull back to 3.73.The expected overbought levels remain 3.90.

a breakdown below 3.82 would signal lower. Oversold levels are now 3.68. The next target down would be 3.78.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures are up into the neutral zone. Volumes remain bearish.

Daily – Flat. up against the 200 day MA at 1980. Trade pressures are up. But volumes are bearish.

The next target down is 1927. The expected oversold levels are at higher lows at 1928.

This pullback to 1927 might be a good time to enter a new long trade. The expected overbought levels are 1974.

 

SILVER_ SIU23

Weekly – In the April 2023 uptrend. Trade pressures are now up. Volumes are now nwutral.

Daily – Flat. In the move up from the close above the 22.83 signal. Trade pressures are up. Volumes are bullish.

At 25.31 median line resistance. The next target up is 25.76.  Overbought levels are 26.70.

A close below 23.54 would signal lower. Oversold levels are expected at 21.27.