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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.

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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.

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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.

 

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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.

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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.

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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.