#copperfutures #goldfutures #silverfutures

COPPER_ HGZ24

Weekly – In the September 2024 uptrend; still testing support. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the move down from the 4.47 level on 10/08. Second test of the 4.00 support and forming a small bull flag.   Trade pressures moved to up, briefly, but are now back down into the neutral zone.  Volumes are now neutral.

Basing. a close above 4.20 would signal higher. The expected overbought levels have declined to 4.27.

Multiple levels of support. The expected oversold levels rise to 3.97.

 

GOLD_ GCZ24

Weekly – In the December 2023 uptrend.  Trade pressures remain up; support held.  Volumes are now bullish.

Daily – Long, in the move up from the 2595 level on 11/18. Trade pressures are down.  Volumes are bearish.

The next target up is 2727. The expected overbought level declines to 2728. (so tight stops)

A close below 2673 would signal lower.  The expected oversold level rises to 2537.

Set the SL at 2690.

 

SILVER_ SIZ24

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

Daily – Flat. Off the low at the May Median line on 11/14 at 29.75. Trade pressures are up.  Volumes are bullish.

The 11/22 close above 31.22  started a new move up. Overbought levels are 31.70.

A close below 30.70 would signal lower. Oversold levels are 28.92.

Speculative Long, maybe wait for a pullback. Set the SL close at 30.91.