#copperfutures #goldfutures #silverfutures

COPPER_ HGK24

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

Daily – Flat. The long trade profit stop above the OB levels was triggered at 4.30.  Trade pressures remain up.  Volumes are bearish.

The next target up is 4.33.  The expected overbought levels are 4.41.

A close below 4.23 would signal lower.  The expected oversold levels are 4.02.

 

GOLD_ GCM24

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

Daily – Flat. The move up from the 2095 long entry on 3/1 spiked to a 2448 high and pulled back below the 2409 short entry.  Trade pressures are up but declining.  Volumes closed bearish.

The next target down is 2280. The expected oversold level is 2229.

A close above 2418 would signal higher. BUT:  The expected overbought level is 2391.

 

SILVER_ SIK24

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

Daily –Long. The break out at 25.10 on 4-1-24 has carried the move to a spike above the 28.23 target.  Trade pressures up but declining.  Volumes are now bearish.

The next target up is 30.57 and is well above the OB level.  Overbought levels are 28.87.

A close below 27.72 would signal lower.  Oversold levels are 26.04.

[4-14-24: Take profits at 28.87. Set the SL at 27.20.]

[4-15-24: Profit stop triggered at 28.87. Flat.]