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COPPER_ HGU24

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

Daily – Flat. In the second leg up from 8/12 at 3.99. Stopped out at 4.03 and missed the breakout on 8/15. Trade pressures are up. Volumes are bullish.

The next target up is 4.29. The expected overbought levels have declined to 4.17.

A close below 3.99 would signal lower. The expected oversold levels remain at 3.91.

 

GOLD_ GCQ24

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

Daily – Flat. 8/8 in new uptrend from 2450 and have broken the resistance line at 2535..  Trade pressures are up.  Volumes are bullish..

The next target up is 2566. The expected overbought level has risen to 2566.

The next target down is 2514. The expected oversold level has risen to 2440.

 

SILVER_ SIU24

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

Daily –Flat. Long from 27.28,  on 8/8.  Trade pressures are up.  Volumes are bullish..

The next target up is 29.62. Overbought levels are 30.17.

A close below 28.34 would signal lower.  Oversold levels are 27.39.