#copperfutures #goldfutures #silverfutures

COPPER_ HGH24

Weekly – Remains in the December 2023 uptrend. Trade pressures are now up. Volumes are now bearish.

Daily – Flat. Pulls back to the 3.81 long entry on 1/24.  Trade pressures are down.  Volumes are now bearish.

The next target down is 3.78 3.64.  The expected oversold levels are 3.72.

A close above 3.82 3.77 would signal higher. The expected overbought levels are 3.92.

 

GOLD_ GCJ24

Weekly – In the December 2023 uptrend.  Trade pressures are rising to the neutral zone.  Volumes remain bearish.

Daily – Flat. In the move down from 2085 resistance.  Trade pressures are down.  Volumes remain bearish.

Backtesting the breakout of the downward channel. Need a reversal above 2060 to enter long. The expected overbought level is 2086.

A failure at below 2038 would signal lower.  The expected oversold level is 2013.

US dollar remains in an uptrend.

 

SILVER_ SIH24

Weekly – In the December uptrend but at support.  Trade pressures are rising toward the neutral zone.  Volumes remain bearish.

Daily – Flat. has traded above the Dec trend line and is now back testing.  Trade pressures are down.  Volumes are now bearish.

The next target up is the 23.32 long entry.  Overbought levels remain 25.98.

A close below the LML at 22.51 would resume the downtrend.  Oversold levels are 21.62.