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COPPER_ HGZ24

Weekly – In the August 2024 downtrend. Trade pressures are below the neutral zone. Volumes are bearish.

Daily – Flat. Now lower with the global markets. Testing the February resistance line at 4.07. Trade pressures are down but rising.  Volumes remain bearish.

The lower median line parallel as support failed. The expected oversold levels decline to 4.01.

A close above 4.23 would signal higher. The expected overbought levels have declined to 4.29.

 

GOLD_ GCZ24

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

Daily – Flat. Stopped out of the previous short trade. Price dropped as expected, then rallied to the same UML, then closed down on Friday. Trade pressures are up.  Volumes turn bearish again.

Expect a test of support at 2484; then a possible long. The expected oversold level has declined to 2477.

A close above 2547 would signal higher. The expected overbought level has risen to 2579.

 

SILVER_ SIZ24

Weekly – Still in the December 2023 uptrend.  Trade pressures are now up.  Volumes are now bullish.

Daily –Flat. The short trade was stopped out on 9/5. Trade pressures are in the neutral zone.  Volumes are bearish.

The next target down is 27.26.  Oversold levels are 27.86.

Expected support level remains 27.26. Look for a long entry there. A close above 28.91 would signal higher.  Overbought levels are 30.81.