#copperfutures #goldfutures #silverfutures
COPPER_ HGH25
Weekly – In the September 2024 uptrend; rally took it to resisitance. Trade pressures are up. Volumes are neutral.
Daily – Flat. The retracement down, has met the 4.55 downside target. Trade pressures are down. Volumes remain bearish.
The next target down is 4.41. The expected oversold levels rise to 4.44, take profits there.
A close above 4.64 would signal higher. The expected overbought levels decline to 4.81.
GOLD_ GCJ25
Weekly – In the December 2023 uptrend, breaks out of resistance. Trade pressures are up. Volumes are now bullish.
Daily – Flat. A close below the 2917 triggers a short. Consolidating between the 2974 and 2888. Trade pressures are up but declining. Volumes are now bullish.
A close below the trend at 2937 signals lower. The expected oversold level declines to 2901.
A close above 2964 would signal higher. The expected overbought level rises to 2983.
[2-26-25: AM open – Short @ 2917. SL at 2941]
[2-27-25: Lower SL to < BE, 2911.][ Take Profit stop @ 2843.]
SILVER_ SIH25 (SIK25 now front month)
Weekly – In the December 2023 uptrend. Trade pressures are up but declining. Volumes are bullish.
Daily – Flat. In the new move down from the failure to break the 33.24 resistance on 2/14. Trade pressures are up. Volumes are neutral.
The next target down remains 31.06. The oversold levels are 31.18.
A close above 32.68 would signal higher. Overbought levels are 33.98.
[Short term trend is 33.11. This break below signals lower.]