#copperfutures #goldfutures #silverfutures

COPPER_ HGZ23

Weekly – In the May 2023 downtrend. Trade pressures are now up. Volumes are now bullish.

Daily – Flat. At the upper channel line at 3.75.  Trade pressures are up. Volumes are bullish.

Resistance is here at 3.75. The expected overbought levels are 3.83.

A close below 3.65 would signal lower. Expected oversold levels are now 3.57.

 

GOLD_ GCZ23

Weekly – In the August 2023 downtrend, again testing the resistance levels. Trade pressures are still down. Volumes are now bullish.

Daily – Flat. Rallied off the 1939 downside target. Trade pressures are now up. Volumes are bullish.

Closed just below the the UML at 1984. A breakout above the UML would signal higher. The expected overbought levels is 2005.

A new short entry would be signaled with a close below 1970. The expected oversold levels are now 1933.

 

SILVER_ SIZ23

Weekly – Remains in the September 2023 downtrend. Trade pressures are just up above the neutral zone. Volumes are now bullish.

Daily – Flat. Rallied off the 21.86 support level. Trade pressures are now up. Volumes are now bullish.

The close above 22.82 signaled higher. The next target up is 24.00. Overbought levels are expected at 24.66.

A close below 23.05 would signal lower.  Oversold levels are 21.75.