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COPPER_ HGN25

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

Daily – Short. In the move down from the 4.63 short entry on 5/16.  Trade pressures are down.  Volumes are bullish.

The next target down is 4.31. The expected oversold levels rise to 4.49.

A close above 4.67 would signal higher. The expected overbought levels decline to 4.79.

 

GOLD_ GCM25

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

Daily – Flat. In the move down from the gap open at 3281 on 5/12 (missed this trade).  Trade pressures are down.  Volumes are bearish.

The next target down is 3145. The expected oversold level declines to 3153.

A close above 3240 would signal a resumption of the move up. The expected overbought level declines to 3401.

 

SILVER_ SIN25

Weekly – In the December 2023 uptrend. Trade pressures are down.  Volumes are bearish.

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

still holding the 200 day; else a short. The next target down is 31.530.  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.