#copperfutures #goldfutures #silverfutures

COPPER_ HGK24

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

Daily – Flat. A short signal at 4.08 takes price down to 3.96. Consolidation seems likely.  Trade pressures are down but turning up.  Volumes remain bearish.

Touched the 3.96 target. The next target down is 3.84.  The expected oversold levels are 3.95.

Still need a close above the 4.05 level to re-start a move up.  The expected overbought levels are 4.16.

 

GOLD_ GCJ24

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

Daily – Flat. A false rally on 3/26 kept the market offsides and not ready for the 3/27 move up 2254.  Trade pressures are up.  Volumes returns to bullish.

The next target up is 2273. The expected overbought level is 2282.

A close below 2200 would signal lower.  The expected oversold level is 2160.

 

SILVER_ SIK24

Weekly – In the December 2023 uptrend.  Trade pressures are up but turning down.  Volumes are bearish.

Daily – Flat. In consolidation at the short entry  24.78.  Trade pressures are down but rising into the neutral zone.  Volumes are now bullish.

The next target down is this short entry at 24.88.  Oversold levels are 24.38.

A close above 25.09 would signal higher, but need to break above the resistance line at 25.72 to confirm.    Overbought levels are 25.81.