#copperfutures #goldfutures #silverfutures

COPPER_ HGN24

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

Daily – Long. In the move up from the 4.54 level on 5/3.  Trade pressures remain up.  Volumes are bullish.

The next target up is 4.67.  The expected overbought levels are 4.69.

A close below 4.46 would signal lower.  The expected oversold levels are 4.36.

[5/6/24: Raise SL to 4.58. Set a profit stop at 4.69: OCO]

[5/7/24: Stopped out for a gain.]

 

GOLD_ GCM24

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

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

Touched 2274. The next target down is 2244. The expected oversold level is 2276.

A close above 2323 would signal higher. The expected overbought level is 2390.

 

SILVER_ SIN24

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

Daily –Flat. The short entry at 29.09 on 4/16 was rewarded with the move down to 26.53.  Trade pressures are down.  Volumes remain bearish.

The next target down remains 25.82.  Oversold levels are 24.81.

A close above 27.02 would signal higher.  Overbought levels are 27.44.

[5/5/24: Long at 27.01 Sunday nite. SL at 27.02.]

[5/7/24: Raise SL to 27.32.]

[5-8-24: Stopped out at 27.32 for a 30 cent gain.]