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COPPER_ HGN25

Weekly – In the September 2024 uptrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the move down from the 4.67 short entry on 5/8. Wait for the 120 min to confirm. Trade pressures are down.  Volumes are bullish.

The next target down is 4.31. The expected oversold levels decline to 4.40.

A close above 4.68 would signal higher. The expected overbought levels decline to 4.87.

 

GOLD_ GCM25

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

Daily – Flat. the retracement of the move down sets a lower high. A close below 3323 would signal a new short. Trade pressures are down.  Volumes are neutral.

The next target down is 3273. The expected oversold level rises to 3248.

A close above 3361 would signal a resumption of the move up. The expected overbought level rises to 3440.

 

SILVER_ SIN25

Weekly – In the December 2023 uptrend. Trade pressures are up, but declining.  Volumes are bearish.

Daily – Flat. Consolidating at the 200 day MA and forming a bull flag. Trade pressures are down.  Volumes are neutral.

Failure of the 200 day to hold would trigger a short. The next target down is 32.40.  The oversold levels rise to 29.10.

A close above the bull flag at 32.29 would signal higher. Overbought levels rise to 33.76.