#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 4.53.  Trade pressures are up, but turning down. Volumes are bullish to neutral.

The next target down is 4.34. The expected oversold levels have declined to 4.38.

Need a close above 4.51 for a new long entry. The expected overbought levels have declined to 4.65.

 

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.

Rallied to the 2380 level. But closed the week with two down days. The expected oversold level has risen to 2303.

Need a close above 2362 to begin a new move up. The expected overbought level has declined to 2390.

[6-27-24; long from 2322 on 6/27 off the over sold level of 2303.]

[6-27-24: Raise SL to the 2330  level.]

 

SILVER_ SIN24

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

Daily –Flat. Failed attempt to break out of the downward parallel channel.  Trade pressures are up but have turned down.  Volumes have returned to bearish.

The next target down is 28.38.  Oversold levels are 28.05.

A close above 30.68 would signal higher.  Overbought levels are 30.41.