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COPPER_ HGH24

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

Daily – Flat. The 3.88 profit stops was met.  Trade pressures are up but turning down.  Volumes remain bullish.

The next target up is 3.91.  The expected overbought levels are 3.95.

A close below 3.83 would signal lower. The expected oversold levels are 3.68.

 

GOLD_ GCJ24

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

Daily – Flat. Now at the top band of the channel.  Trade pressures are up but lower highs.  Volumes are bullish.

The next target up is still 2073. The expected overbought level is 2052 (lower high).

A close below 2037 would signal lower.  The expected oversold level is 1995.

 

SILVER_ SIH24

Weekly – In the December uptrend, near support.  Trade pressures are down but rising into the neutral zone.  Volumes are neutral.

Daily – Flat. The break above the Dec trend line failed and is now backtesting the breakout.  Trade pressures are down.  Volumes are now neutral.

The next target up is a 22.97 long entry.  Overbought levels are 26.25.

A close below the LML at 22.42 would resume the downtrend.  Oversold levels remain 21.62.