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COPPER_ HGN24

Weekly – Remains in the December 2023 uptrend. Trade pressures remain up, but declining. Volumes remain neutral.

Daily – Flat. Attempted a long in the move down, but stopped out for a loss.  Trade pressures are down. Volumes remain bearish.

At the 4.56 target. The expected oversold levels have declined to 4.55.

Need a close above 4.70 for a new long entry. The expected overbought levels have risen to 5.19.

 

GOLD_ GCQ24

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

Daily – Flat. Stopped out at the 2374 SL for a small gain.  Trade pressures remain down.  Volumes remain bearish.

The next target down is the 2313 target. The expected oversold level has declined to 2310.

A close above 2375 would signal higher. The expected overbought level has declined to 2457.

 

SILVER_ SIN24

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

Daily –Flat. Moved up to the 32.53 lower high and turned down.  Trade pressures are down.  Volumes are bearish.

Thurs and Friday sold off after the lower high. The next target down is 28.82.  Oversold levels are 28.61.

A close above 31.32 would signal higher.  Overbought levels are 31.89.