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COPPER_ HGH25

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

Daily – Flat. Now basing with two touches of the support level at 4.05. Trade pressures are up  Volumes remain neutral.

A close above 4.26 would signal higher. The expected overbought levels have declined to 4.25.

A close below 4.05 would signal lower. The expected oversold levels rise to 4.05.
Look for a new long entry at the 4.27 level.

 

GOLD_ GCG25

Weekly – In the December 2023 uptrend.  Trade pressures break support.  Volumes are now bearish.

Daily – Flat, in the move down form the 2683 level on 11/25 (no trade, holiday week). Trade pressures are down.  Volumes are bearish.

The next target down is 2639. The expected oversold level rises to 2599.

A close above 2667 would signal higher. The expected overbought level declines to 2713.

 

SILVER_ SIH25

Weekly – Still in the December 2023 uptrend but has turned down.  Trade pressures are down but rising.  Volumes are neutral.

Daily – Flat. Off the low at the May Median line on 11/29 at 30.09. Trade pressures are up.  Volumes are bullish.

The next target up is 32.12. Overbought levels are 34.41.

A close below 30.58 would signal lower. Oversold levels are 29.37.