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COPPER_ HGH25

Weekly – In the September 2024 uptrend; at support. Trade pressures are down but rising to the neutral zone. Volumes remain bearish.

Daily – Flat. December uptrend beaks down. Trade pressures are down.  Volumes are bearish.

A close above 4.21 would still signal higher. The expected overbought levels hold at 4.25.

A close below 4.09 would signal lower. The expected oversold levels decline to 4.05.

 

GOLD_ GCG25

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

Daily – Flat, In the move down from the 2683 to the 2600 target. Trade pressures are down.  Volumes remain bearish.

Breaks the 2665 support. The next target down is 2501. The expected oversold level declines to 2570.

A close above 2688 would signal higher. The expected overbought level declines to 2682.

 

SILVER_ SIH25

Weekly – Still in the December 2023 uptrend and testing support at 28.00. Trade pressures are down off the neural zone.  Volumes remain bearish.

Daily – Flat. Breaks lower after failing support at 30.11. Trade pressures are down.  Volumes are now neutral.

At the June median line and at the oversold levels are 29.39.

A close above 30.25 would signal higher. Overbought levels are 30.69.

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COPPER_ HGH25

Weekly – In the September 2024 uptrend; still testing support. Trade pressures are down but rising to the neutral zone. Volumes remain bearish.

Daily – Flat. Higher highs and higher lows since 11/4. Trade pressures are down.  Volumes are bearish.

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

A close below 4.09 would signal lower. The expected oversold levels rise to 4.11.

 

GOLD_ GCG25

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

Daily – Flat, Still in the move down from the 2683 level but inside a longer up move . Trade pressures are down.  Volumes remain bearish.

At 2665 support. The expected oversold level rises to 2627.

A close above 2688 would signal higher. The expected overbought level rises to 2755.

 

SILVER_ SIH25

Weekly – Still in the December 2023 uptrend but has turned down. Support at 28.00. Trade pressures are rising into the neural zone.  Volumes are again bearish.

Daily – Flat. Retesting the rally off the low at the May Median line on 11/29 at 30.09. Trade pressures are down.  Volumes are bearish.

The next target down is 30.39. Oversold levels are 29.39.

A close above 31.56 would signal higher. Overbought levels are 32.48.

 

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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.

 

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COPPER_ HGZ24

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

Daily – Flat. In the move down from the 4.47 level on 10/08. Second test of the 4.00 support and forming a small bull flag.   Trade pressures moved to up, briefly, but are now back down into the neutral zone.  Volumes are now neutral.

Basing. a close above 4.20 would signal higher. The expected overbought levels have declined to 4.27.

Multiple levels of support. The expected oversold levels rise to 3.97.

 

GOLD_ GCZ24

Weekly – In the December 2023 uptrend.  Trade pressures remain up; support held.  Volumes are now bullish.

Daily – Long, in the move up from the 2595 level on 11/18. Trade pressures are down.  Volumes are bearish.

The next target up is 2727. The expected overbought level declines to 2728. (so tight stops)

A close below 2673 would signal lower.  The expected oversold level rises to 2537.

Set the SL at 2690.

 

SILVER_ SIZ24

Weekly – Still in the December 2023 uptrend but turned down.  Trade pressures are down.  Volumes remain bearish.

Daily – Flat. Off the low at the May Median line on 11/14 at 29.75. Trade pressures are up.  Volumes are bullish.

The 11/22 close above 31.22  started a new move up. Overbought levels are 31.70.

A close below 30.70 would signal lower. Oversold levels are 28.92.

Speculative Long, maybe wait for a pullback. Set the SL close at 30.91.

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COPPER_ HGZ24

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

Daily – Flat. In the move down from the 4.47 level on 10/08. Price break the support at 4.11   Trade pressures are down.  Volumes are bearish.

No long entry. The expected overbought levels have declined to 4.32.

A close below 4.25 would signal lower. The expected oversold levels decline to 3.96.

 

GOLD_ GCZ24

Weekly – In the December 2023 uptrend.  Trade pressures remain up now declining to support.  Volumes are now bearish.

Daily – Flat. In the move down from the 2678 break down. Trade pressures are down.  Volumes are bearish.

A close below 2678 signaled lower. The next target down is 2522. The expected oversold level declines to 2530.

A close above 2595 would signal higher. The expected overbought level is 2798.

 

SILVER_ SIZ24

Weekly – Still in the December 2023 uptrend but turning down.  Trade pressures are down.  Volumes remain bearish.

Daily – Flat. The lower high on 10/30 started a new downtrend. Trade pressures are down.  Volumes are bearish.

The next target down is 29.56. Oversold levels are 28.97.

Need a close above 30.19 to start a new move up. Overbought levels are 31.72.

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COPPER_ HGZ24

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

Daily – Flat. In the election hysteresis.  Trade pressures remain in the neutral zone.  Volumes are neutral.

Wait for a long entry around 4.25. The next target up is 4.42. The expected overbought levels have declined to 4.51.

A close below 4.25 would signal lower. The expected oversold levels rise to 4.25.

 

GOLD_ GCZ24

Weekly – In the December 2023 uptrend.  Trade pressures remain up but declining.  Volumes are now neutral.

Daily – Flat. Dropped hard with the dollar rise after the election. In the move up from the 11/7 long entry of 2670. Trade pressures are down into the neutral zone.  Volumes are neutral.

The next target up is 2730, need a breakout of the bull flag at 2691. The expected overbought level are 2825.

A close below 2678 would signal lower. The expected oversold level rises to 2670.

 

SILVER_ SIZ24

Weekly – Still in the December 2023 uptrend.  Trade pressures remain up but declining.  Volumes are bearish.

Daily – Flat. The lower high on 10/30 started a new downtrend. Trade pressures are down.  Volumes are bearish.

The next target down is 29.56. Oversold levels are 30.11.

Need a close above 31.97 to start a new move up. Overbought levels are 33.15.

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COPPER_ HGZ24

Weekly – In the September 2024 uptrend. Trade pressures are down into the neutral zone. Volumes remain bullish.

Daily – Flat. Touched the 4.29 support and long trigger from 4.33.  Trade pressures are up into the neutral zone.  Volumes remain bearish.

Waiting for a long entry on a back-test of the 4.29. The next target up is 4.46. The expected overbought levels have declined to 4.63.

A close below 4.28 would signal lower. The expected oversold levels decline to 4.24.

 

GOLD_ GCZ24

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

Daily – Long. Breakout of the small bull flag on 10/11 at 2669. Trade pressures are up.  Volumes are bullish.

The next target up is 2787. The expected overbought level are 2726.

A close below 2680 would signal lower. The expected oversold level rises to 2645.

 

SILVER_ SIZ24

Weekly – Still in the December 2023 uptrend.  Trade pressures remain up but declining.  Volumes remain bullish.

Daily – Flat. In a new uptrend. Trade pressures are up.  Volumes are bearish.

No trade. The next target up is 33.78. Overbought levels are 33.69.

A close below 32.14 would signal lower.  Oversold levels are 29.99.

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COPPER_ HGZ24

Weekly – In the September 2024 uptrend. Trade pressures are up. Volumes are now bullish.

Daily – Flat. In the move up from  the 4.41 low pivot on 10/9.  Trade pressures are up into the neutral zone.  Volumes are bearish.

The next target up is 4.54. The expected overbought levels have declined to 4.71.

A close below 4.28 would signal lower. Expect consolidation and retracement. The expected oversold levels remain at 4.35.

Look for a long entry above 4.50, or a touch of the 200 day MA at 4.29.

 

GOLD_ GCZ24

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

Daily – Flat. successful short reverses to long on 10/10. Trade pressures are up.  Volumes are bullish.

The close above 2669 signals higher. The expected overbought level are 2695.

A close below 2626 would signal lower. The expected oversold level decline to 2608.

 

SILVER_ SIZ24

Weekly – Still in the December 2023 uptrend.  Trade pressures remain up.  Volumes remain bullish.

Daily – Flat. The short was covered at 31.29 and now in a new uptrend. Trade pressures are up.  Volumes are bearish.

No trade. The next target up is 32.18. Overbought levels are 32.51.

A close below 31.25 would signal lower.  Oversold levels are 30.75.

 

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COPPER_ HGZ24

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

Daily – Flat. The close below 4.54 on 9/30 stopped out the long trade.  Trade pressures are up.  Volumes are bullish.

The next target up is 4.79. The expected overbought levels have risen to 4.75.

A close below 4.47 would signal lower. Expect consolidation and retracement. The expected oversold levels rise to 4.35.

 

GOLD_ GCZ24

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

Daily – Short. In the move down from the 2665 entry level on 10/8. Trade pressures are down into the neutral zone.  Volumes are bearish.

The close below 2665 signaled lower. The next target down is 2620. Expect consolidation and retracement. The expected oversold level rises to 2628.

A close above 2672 would signal higher. The expected overbought level are 2599.

[10-8-24: Short. SL at 2649. Take profits at 2620.]

[10-10-24: Short Profit stop at 2620 met. then a 20 point rally off the lows]

 

SILVER_ SIZ24

Weekly – Still in the December 2023 uptrend.  Trade pressures are up.  Volumes remain bullish.

Daily – Flat. Still in the 9/12 move up. Expect consolidation and retracement from the overbought levels. Trade pressures are up.  Volumes are bullish..

The next target up is 33.15. Overbought levels are 33.31.

A close below 31.96 would signal lower.  Oversold levels are 30.57.

[10-8-24: Short at 31.96. SL is 31.29.] [At oversold levels, now. ]

[10-10-24: SL met at 31.29.]

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COPPER_ HGZ24

Weekly – In the September 2024 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Long. The February 200 day MA support held at 4.23. In the move up from the 4.23 breakout on 9/19.

Trade pressures are up.  Volumes are bullish.

The close above the 4.23 resistance did signal higher. The next target up is 4.74. The expected overbought levels have risen to 4.74.

A close below 4.54 would signal lower. The expected oversold levels rise to 4.20.

 

GOLD_ GCZ24

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

Daily – Flat. The 2597 SL was met on 9/17. Trade pressures remain up.  Volumes are neutral.

The next target up is the prior high at 2708. The expected overbought level are 2599.  Expect consolidation and retracement.

A close below 2665 would signal lower. The expected oversold level remain at 2507.

 

SILVER_ SIZ24

Weekly – Still in the December 2023 uptrend.  Trade pressures are up.  Volumes remain bullish.

Daily –Flat. Stopped out of the long trade at 30.98 on 9/17. Trade pressures are up but declining.  Volumes are neutral.

The next target up is 33.48. Overbought levels are 33.20. Expect consolidation and retracement.

A close below 31.64 would signal lower.  Oversold levels are 28.20.