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COPPER_ HGN24

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

Daily – Flat. Remains in the move up from the 4.10 level on 4/3.  Trade pressures remain up.  Volumes are bullish.

The next target up is 4.78.  The expected overbought levels are 4.61.

A close below 4.46 would signal lower.  The expected oversold levels are 4.28.

 

GOLD_ GCM24

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

Daily – Flat. In the move down from the 2405 short entry on 4/12.  Trade pressures are up.  Volumes closed neutral.

The next target down is 2274. The expected oversold level is 2305.

A close above 2360 would signal higher. The expected overbought level is 2435.

 

SILVER_ SIN24

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

Daily –Flat. The move to a spike above the 28.23 target failed with a short entry at 29.09 on 4/16.  Trade pressures are down but rising.  Volumes are bearish.

The next target down is 25.82.  Oversold levels are 26.78.

A close above 27.75 would signal higher.  Overbought levels are 28.35.