#copperfutures #goldfutures #silverfutures

COPPER_ HGU24

Weekly – In the August 2024 downtrend. Trade pressures remain down. Volumes remain bearish.

Daily – Flat. In the July move down at 4.49 on 7/16.  Trade pressures have turned down again. Volumes remain neutral.

The next target down is 3.82. The expected oversold levels are 3.91.

A close above 4.03 would signal higher.  The expected overbought levels have declined to 4.18.

[8-12-24: Long at 4.03. Set the SL at 3.99.]

[8-14-24. Raise the SL to the entry price of 4.03.] [Stopped out in the overnight session.]

 

GOLD_ GCQ24

Weekly – In the December 2023 uptrend.  Trade pressures are up.  Volumes remain bullish.

Daily – Flat. 7/30 in new uptrend from 2450.  Trade pressures are up.  Volumes are bearish.

The next target up is 2527. The expected overbought level has declined to 2499.

The next target down is 2365. The expected oversold level has risen to 2401.

 

SILVER_ SIU24

Weekly – Still in the December 2023 uptrend, but turning down.  Trade pressures remain down.  Volumes remain bearish.

Daily –Long. Long from 27.37,  the trend break 8/8.  Trade pressures are down.  Volumes remain bearish.

The next target up is 28.43. Overbought levels are 30.17.

A close below 29.83 would signal lower.  Oversold levels are 27.37.

Set the SL at 27.14.

[8-12-24: Raise the SL to 27.93.]

[8-12-24: stopped out in the nite session.]