Category: Metals

Metals

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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.]

Metals

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COPPER_ HGH25

Weekly – In the September 2024 uptrend; rally took it to resisitance. Trade pressures are up. Volumes remain bearish.

Daily – Flat. In the move up from the 4.32 bull flag breakout on 2/4. The 4.81 target was met and triggered a retracement. Trade pressures are up.  Volumes remain bearish.

The next target up is 4.92. The expected overbought levels rise to 4.88.

The next target down is 4.55. The expected oversold levels rise to 4.41.

 

GOLD_ GCJ25

Weekly – In the December 2023 uptrend, breaks out of resistance.  Trade pressures are up.  Volumes are now bearish..

Daily – Short. In the new move down, a retracement down from the trendline break at 2903 on 2/14. Trade pressures are up but declining.  Volumes are now bearish.

The next target down is 2838. The expected oversold level rises to 2853.

A close above 2940 would signal higher. The expected overbought level rises to 2973.

[Set a SL at 2838.] [shoud be 2938]

[2-18-25: Stopped out at 2938.]

 

SILVER_ SIH25

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

Daily – Flat. In the new move down from the failure to break the 33.14 resistance on 2/14.  Trade pressures are up out of the neutral zone.  Volumes remain bearish.

The next target down is 31.70. The oversold levels are 31.35.

A close above 33.12 would signal higher. Overbought levels are 33.98.

[Short term trend is 32.57. Need a break below to continue lower.]

Metals

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COPPER_ HGH25

Weekly – In the September 2024 uptrend; holding support. Trade pressures are up. Volumes remain bearish.

Daily – Long. In the move up from the 4.32 bull flag breakout on 2/4. Trade pressures are up.  Volumes remain bearish.

The next target up is 4.81. The expected overbought levels rise to 4.51.

The next target down is 4.15. The expected oversold levels rise to 4.26.

[2-6-25: Stopped out of the 4.36 trade at 4.43 on a pullback.]

 

GOLD_ GCJ25

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

Daily – Flat. In the move up from the 2782 break out above the January 26th trend line. Trade pressures are up.  Volumes remain bullish.

At the 2909 resistance. The expected overbought level rises to 2934.

A close below 2821 would signal lower. The next target down is 2780. The expected oversold level rises to 2726.

A close below 2869 would signal lower, Set as SL.

 

SILVER_ SIH25

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

Daily – Flat. In the the move up from 31.54 on 1/30 and at resistance.  Trade pressures are down intoi the neutral zone.  Volumes are now bearish.

At the 33.20 target up is 33.30. Overbought levels are 33.24.

A close below 32.11 would signal lower. The oversold levels are 29.72.

[2-8-25: A close below 32.16, the prior low, would signal lower.]

Metals

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COPPER_ HGH25

Weekly – In the September 2024 uptrend; holding support. Trade pressures are up. Volumes remain bearish.

Daily – Flat. At 4.27 support. Trade pressures are up.  Volumes are now bearish.

The next target down is 4.15. The expected oversold levels decline to 4.21.

A close above 4.32 is required to start a new move up. The expected overbought levels decline to 4.41.

[2-5-25: long at 4.36. SL at 4.33.]

[2-6-25: Raise SL to 4.43.]

 

GOLD_ GCJ25

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

Daily – Flat. In the move up from the 2782 break out above the January 26th trend line. Trade pressures are up.  Volumes remain bullish.

The next target up is 2871. The expected overbought level rises to 2874.

A close below 2821 would signal lower. The next target down is 2780. The expected oversold level rises to 2726.

[2-5-25: next target up is 2912 and over bought.]

2-6-25: A close below 2864 would signal lower, Set as SL.]

 

SILVER_ SIH25

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

Daily – Flat. In the the move up from 31.54 on 1/30.  Trade pressures are up.  Volumes are now bullish.

The next target up is 33.38. Overbought levels are 34.89.

A close below 32.11 would signal lower. The oversold levels are 29.72.

[2-5-25: A close below 32.41 would signal lower.]

Metals

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COPPER_ HGH25

Weekly – In the September 2024 uptrend; holding support. Trade pressures are up. Volumes remain bearish.

Daily – Flat. The resistance turned the market down. Trade pressures are down but rising into the neutral zone.  Volumes are now neutral.

The next target down is 4.27. The expected oversold levels rise to 4.23.

A close above 4.35 is required to start a new move up. The expected overbought levels decline to 4.44.

 

GOLD_ GCG25 (roll to GCJ25 on Jan 30th)

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

Daily – Flat. In the move up from the 2718 break out above the October trend line. Trade pressures are up.  Volumes remain bullish.

The next target up is 2844. The expected overbought level rises to 2797.

A close below 2733 would signal lower. The next target down is 2664. The expected oversold level rises to 2675.

 

SILVER_ SIH25

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

Daily – Flat. In the the move up from 30.86 on 1/9. The November trendline at 31.95 on 1/16 has provided resistance.  Trade pressures are up.  Volumes are now neutral.

A break above 31.55, the trendline, would signal higher. The next target up is 32.79. Overbought levels are 32.28.

A close below 30.82 would signal lower. The oversold levels are 28.68.

Metals

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COPPER_ HGH25

Weekly – In the September 2024 uptrend; holding support. Trade pressures are up. Volumes are now bearish.

Daily – Flat. The 4.41 target, the OB level and the 200 day MA coincide and provide resistance. Trade pressures are up.  Volumes remain bearish.

The next target up is 4.50, but at the OB levels now. The expected overbought levels rise to 4.50.

A close below 4.32 would signal lower. The expected oversold levels rise to 4.15.

 

GOLD_ GCG25

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

Daily – Flat. Closed above the 2718 level for a new upside move. Trade pressures are up.  Volumes are bullish.

The next target up is 2792. But the OB is still showing lower highs, so no trade. The expected overbought level rise to 2766.

A close below 2716 would signal lower. The next target down is 2676. The expected oversold level rises to 2642.

 

SILVER_ SIH25

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

Daily – Flat. In the the move up from 30.86 on 1/9. The November trendline at 31.95 on 1/16 has provided resistance.  Trade pressures are up.  Volumes are now neutral.

The next target up is 32.79. Overbought levels are 32.28.

A close below 30.55 would signal lower. The oversold levels are 28.79.

Metals

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COPPER_ HGH25

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

Daily – Flat. The re-enter at 4.07 was successful with a profit stop at 4.18. In the move up from 4.20 on 1/8. Trade pressures are up.  Volumes are now bearish.

The next target up is 4.46, but at the OB levels now. The expected overbought levels rise to 4.33.

A close below 4.17 would signal lower. The expected oversold levels rise to 4.05.

 

GOLD_ GCG25

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

Daily – Flat. Closed above the 2681 level for a new upside move. Trade pressures are up.  Volumes are now bullish.

The next target up is 2761. But the OB is showing lower highs, so no trade. The expected overbought level declines to 2689.

A close below 2693 would signal lower. The next target down is 2652. The expected oversold level rises to 2611.

 

SILVER_ SIH25

Weekly – Still in the December 2023 uptrend and testing the 28.00 support. Trade pressures are up.  Volumes remain neutral.

Daily – Flat. In the new move up after touching the May Median Line. Breaks above the 200 day MA at 30.80. Trade pressures are up.  Volumes are now bullish.

The next target up is 32.019. Overbought levels are 32.79.

A close below 30.52 would signal lower. The oversold levels are 28.31.

 

Metals

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COPPER_ HGH25

Weekly – In the September 2024 uptrend; holding support. Trade pressures are rising just below the neutral zone. Volumes are now bearish.

Daily – Long. Stopped out at the 4.10 level but re-enter at 4.07. Trade pressures are down but rising.  Volumes are now bullish.

New long at 4.07 (1/5). The next target up is 4.13. The expected overbought levels decline 4.19.

A close below 4.02 would signal lower. The expected oversold levels decline to 3.97.

[1-6-25: At the OB levels. Take profits at 4.18. Look for a retracement toward the OS to re-enter.]

 

GOLD_ GCG25

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

Daily – Flat. The 2600 target is support in this downside move. Trade pressures are up.  Volumes are now neutral.

A close below 2639 would signal lower. The next target down remains 2501. The expected oversold level rises to 2599.

A close above 2681 would signal higher. But the OB is too close, so no trade. The expected overbought level declines to 2674.

 

SILVER_ SIH25

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

Daily – Flat. Still in the move up after touching the May Median Line, downside support at 29.36. Trade pressures are up.  Volumes remain neutral.

Trading in between the down sloping June median line and the 200 day MA at 30.65. The oversold levels are 29.36.

Need a close above 30.65 to signal higher. Overbought levels are 31.14.

Metals

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COPPER_ HGH25

Weekly – In the September 2024 uptrend; at support. Trade pressures are rising into the neutral zone. Volumes are now neutral.

Daily – Long. 4.08 support holds. Trade pressures are up.  Volumes remain bearish.

Long at 4.13. The next target up is 4.19. The expected overbought levels decline 4.23.

A close below 4.10 would signal lower. The expected oversold levels decline to 4.02.

[Set the SL at 4.10.]

[12-30-24: Stopped out at 4.10]

 

GOLD_ GCG25

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

Daily – Flat. Met the the 2600 target in this downside move. Trade pressures are up.  Volumes are now neutral.

Moving up off the 2600 downside target. The next target down remains 2501. The expected oversold level rises to 2587.

A close above 2652 would signal higher. The expected overbought level rises to 2690.

 

SILVER_ SIH25

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

Daily – Flat. In the move up after touching the May Median Line downside support at 29.36. Trade pressures are up.  Volumes are now neutral.

Rejected at 30.59, the 200 day MA. The oversold levels are 29.10.

Need a close above 30.42 to signal higher. Overbought levels are 31.59.

Metals

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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.