#copperfutures #goldfutures #silverfutures

COPPER_ HGN24

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

Daily – Flat. Now a 44 cent move down after the spike to 5.19 on Monday.  Trade pressures are down. Volumes are bearish.

The next target down is 4.56. The expected oversold levels have risen to 4.66.

Got the pullback to 4.80, Need a close above 4.84 for a new long entry. The expected overbought levels have risen to 5.18.

[5-28-24: Long from 4.84.]    [SL at 4.80 and stopped out 5-29-24 am for a loss.]

 

GOLD_ GCQ24

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

Daily – Short. the break below the 2388 LML started the short trade.  Trade pressures are down.  Volumes are bearish.

The next target down is the 2290 target. The expected oversold level has risen to 2315.

A close above 2355 would signal higher. The expected overbought level has risen to 2546.

[5-29-24: Lower SL to 5388.]

[5-30-24: Lower SL to 2374.]

 

SILVER_ SIN24

Weekly – In the December 2023 uptrend.  Trade pressures are just up.  Volumes have returned to bearish.

Daily –Flat. Moved up to the 32.75 high and turned down.  Trade pressures are down.  Volumes are neutral.

Moved down thru supports just as easily. The next target down is 28.82.  Oversold levels are 29.76.

A close above 31.37 would signal higher.  Overbought levels are 31.60.

[5-28-24: Long from 31.40.]   [5-29-24: Raised SL to 31.88, then stopped out in the AM.]