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COPPER_ HGH24

Weekly – Remains in the December 2023 uptrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the move up from the 3.72 Lower median line.  Trade pressures are rising into the neutral zone.  Volumes are now bullish.

The next target up is 3.81.  The expected overbought levels are 3.84.

A close below 3.73 and lower median line would signal lower. The expected oversold levels are 3.69.

 

GOLD_ GCG24

Weekly – In the December 2023 uptrend.  Trade pressures are down.  Volumes remain neutral.

Daily – Flat. The retracement down to 2015 initiated a rally which failed.  Trade pressures are up.  Volumes are now bearish.

in the downward channel. Need a move above 2048 to clear the channel. The expected overbought level is 2077.

A failure at the 2048 channel resistance would signal lower.  The expected oversold level is 2006.

US dollar is in a rally.

 

SILVER_ SIH24

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

Daily – Flat. Turned down at the back-test of the Oct trendline.  Trade pressures are down.  Volumes are now bearish.

The nest target down is 22.29.  Oversold levels remain at 21.61.

A close above 23.11 would signal higher  Overbought levels are 24.57.