#copperfutures #goldfutures #silverfutures    [Contracts rollover]

COPPER_ HGH24

Weekly – In the new December 2023 uptrend. Trade pressures remain up but turning down. Volumes remain bullish.

Daily – Long, from the 3.81 resumption of the uptrend on 12/8.  Trade pressures are up. Volumes remain bullish.

The next target up is 3.91.. The expected overbought levels are 3.91.

A close below 3.73 would signal lower. Expected oversold levels remain at 3.71.

[Use 3.73 as the SL]

[12-14-23: Raise SL to BE, 3.81.]

 

GOLD_ GCG24

Weekly – In the new December 2023 uptrend, with the decisive break above the 2048 the resistance levels in a complete retracement. Trade pressures are up. Volumes are now bullish.

Daily – Flat.  In the retracement down of the sharp move up on 11/28. Trade pressures are down. Volumes are bearish.

The next target down is 1992.35. Support is at 1991, below the expected oversold levels of 2006.

A new long entry entry would be signaled with a close above 2045. The expected overbought levels are now 2099.

 

SILVER_ SIH24

Weekly – Now in the new December uptrend. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. Crashing from those prior highs. Trade pressures are down. Volumes are bearish.

The next target down is 22.98. Oversold levels are below at 21.62. Support levels are at 22.99.

A close above 24.41 would signal higher.  Overbought levels are 25.11.