#copperfutures #goldfutures #silverfutures
COPPER_ HGK25
Weekly – In the September 2024 uptrend. Trade pressures are down but rising. Volumes are neutral.
Daily – Long. The new lang trade was triggered at 4.63 on 4-16. Trade pressures are up. Volumes are bullish.
The next target up is 4.85. The expected overbought levels rise to 4.72.
A close below 4.61 would signal lower. The expected oversold levels rise to 4.01.
[set the SL at 4.56.]
GOLD_ GCM25
Weekly – In the December 2023 uptrend. Trade pressures remain up. Volumes are bullish.
Daily – Long. Took profits at the 3247 level. Trade pressures are up. Volumes are bullish.
A close above 3367 would signal a resumption of the move up. The next target up is 3469. The expected overbought level rises to 3399.
A close below 3314 would signal lower. The expected oversold level rises to 3084.
SILVER_ SIK25
Weekly – In the December 2023 uptrend. Trade pressures are up. Volumes remain neutral.
Daily – Flat. Consolidating at the 32.50 level. Trade pressures are up. Volumes are neutral.
The next target up is 33.94. Overbought levels rise to 36.11.
The next target down is 31.16 The oversold levels decline to 28.79.