#copperfutures #goldfutures #silverfutures

COPPER_ HGZ23

Weekly – In the May 2023 downtrend. Trade pressures are up into the neutral zone. Volumes are now bearish.

Daily – Flat. Now in the move down from the 9/6 break down from the consolidation area at 3.79.  Trade pressures are down. Volumes remain bearish.

Got a pull back to 3.74. then breaks below that level. The expected oversold levels are 3.70. The next target down is 3.66.

A close above 3.89 would signal higher. Expected overbought levels are now 3.87.

 

GOLD_ GCZ23

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

Daily – Flat. The 200 day MA at 1980 acted as resistance. Trade pressures are down. Volumes remain bearish.

A break down of the LML at 1937 would signal lower. The next target down is 1927, then 1903. The expected oversold levels are the lower lows of 1913.

Need a close above 1953 to enter a new long trade. The expected overbought levels are 1972.

 

SILVER_ SIZ23

Weekly – In the April 2023 uptrend. Trade pressures are now testing the neutral zone. Volumes are now bearish.

Daily – Flat. In the move down from the median line touch at 25.33. Trade pressures are down. Volumes are bearish.

The close below 23.88 signaled lower. The next target down is 22.78, the August 2022 trendline. Oversold levels are expected at 21.27.

Need a close above 23.83 to signal higher. The next target up would be 24.53.  Overbought levels are 26.66.