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COPPER_ HGK24

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

Daily – Flat. in a new short term uptrend. new long entry at 3.86.  Trade pressures are down but rising into the neutral zone.  Volumes are bullish.

The next target up is 3.92.  The expected overbought levels are 3.95.

A close below 3.83 would signal lower. The expected oversold levels have risen to 3.75.

 

GOLD_ GCJ24

Weekly – In the December 2023 uptrend.  Trade pressures are up.  Volumes are bullish.

Daily – Flat. Breaks out of the top band of the channel at 2053.  Trade pressures are up.  Volumes are bullish.

Thru the next target up at 2073. The expected overbought level is 2057.

A close below 2042 would signal lower.  The expected oversold level is 2005.

 

SILVER_ SIH24

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

Daily – Long. A two day rally break above the down trend line for a new long entry at 23.24.  Trade pressures are up.  Volumes are now bullish.

The next target up is 24.75.  Overbought levels are 26.25.

A close below the LML at 22.78 would resume the downtrend.  Use 22.78 as the SL.  Oversold levels remain 21.62.