#copperfutures #goldfutures #silverfutures

COPPER_ HGN24

Weekly – Still in the December 2023 uptrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the move down from the third break lower below 4.6.  Trade pressures risen into the neutral zone. Volumes remain bearish.

The next target down is 4.36. The expected oversold levels have declined to 4.39.

Need a close above 4.52 for a new long entry. The expected overbought levels have declined to 4.72.

 

GOLD_ GCQ24

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

Daily – Flat. After selling down to 2310, a decent rally to 2340.  Trade pressures vacillate in the neutral zone.  Volumes remain bearish to neutral.

Consolidating around the December 2023 Median line. The expected oversold level has declined to 2298.

The close above 2333 on the two hour chart did signal higher for a counter trend trade.  Tight stops. The expected overbought level has declined to 2398.

 

SILVER_ SIN24

Weekly – Still in the December 2023 uptrend.  Trade pressures are down into the neutral zone.  Volumes are now bullish.

Daily –Flat. In the downward parallel channel.  Trade pressures are down once again.  Volumes remain bearish.

The next target down is 28.38.  Oversold levels are 28.03.

A close above 29.96 would signal higher.  Overbought levels are 30.41.