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COPPER_ HGZ23

Weekly – In the May 2023 downtrend. Trade pressures are consolidating in the neutral zone. Volumes remain bearish.

Daily – Flat. Price breaks below the Lower median line to test the 3.59 prior lows.  Trade pressures are down. Volumes are bullish.

At the next target down is 3.66. The expected oversold levels are 3.62.

A close above 3.74 would signal higher. Expected overbought levels are now 3.83.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures are still up into the neutral zone. Volumes remain bearish.

Daily – Flat. Trade pressures are now down but rising. Volumes are now bearish.

The 1922 support has held. The next target down is 1903. The expected oversold levels are 1911.

Need a close above 1948 to enter a new long trade. The expected overbought levels are 1967.

 

SILVER_ SIZ23

Weekly – In the April 2023 uptrend. Trade pressures are in the neutral zone. Volumes are neutral.

Daily – Long. In the move up from the 23.51 entry, after rallying off the September 2022 trendline. Trade pressures are up. Volumes remain bullish.

Got the close above 23.51 to signal higher. The next target up would be 24.18.  Overbought levels are 26.62.

A close below 23.33 signals lower. The next target down is 21.52,  Oversold levels are expected at 21.27.

Set the SL at 23.33.

 

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COPPER_ HGZ23

Weekly – In the May 2023 downtrend. Trade pressures are up into the neutral zone. Volumes remain bearish.

Daily – Flat. Still bearish but consolidating at the lower median line from 8-17.  Trade pressures are up. Volumes remain bearish.

The next target down is 3.66. The expected oversold levels are 3.71.

A close above 3.83 would signal higher. Expected overbought levels are now 3.90.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures are still up into the neutral zone. Volumes remain bearish.

Daily – Flat. Trade pressures are now up. Volumes are now bullish.

The break down of the LML at 1927 signaled lower. The next target down is 1922, then 1903. The expected oversold levels are the lower lows of 1903.

Need a close above 1949 to enter a new long trade. The expected overbought levels are 1966.

 

SILVER_ SIZ23

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

Daily – Flat. In the move down, but rallied off the September 2022 trendline. Trade pressures are up into the neutral zone. Volumes are bullish.

The close below 23.88 signaled lower, then price moved back above the trendline. The next target down is 21.52,  Oversold levels are expected at 21.27.

Need a close above 23.51 to signal higher. The next target up would be 23.71.  Overbought levels are 26.62.

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COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are down. Volumes are now neutral.

Daily – Flat. In the move up from the 3.74 trigger on 8-22.  Trade pressures are up. Volumes are now bearish.

Still waiting for a pull back to 3.73.The expected overbought levels remain 3.90.

a breakdown below 3.82 would signal lower. Oversold levels are now 3.68. The next target down would be 3.78.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures are up into the neutral zone. Volumes remain bearish.

Daily – Flat. up against the 200 day MA at 1980. Trade pressures are up. But volumes are bearish.

The next target down is 1927. The expected oversold levels are at higher lows at 1928.

This pullback to 1927 might be a good time to enter a new long trade. The expected overbought levels are 1974.

 

SILVER_ SIU23

Weekly – In the April 2023 uptrend. Trade pressures are now up. Volumes are now nwutral.

Daily – Flat. In the move up from the close above the 22.83 signal. Trade pressures are up. Volumes are bullish.

At 25.31 median line resistance. The next target up is 25.76.  Overbought levels are 26.70.

A close below 23.54 would signal lower. Oversold levels are expected at 21.27.

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COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. The move down from 3.81 was stopped out at the cross above 3.75 on 8/22..  Trade pressures are down into the neutral zone. Volumes are bullish.

At the entry for the net move up at 3.74, but waiting for a pullback.  A pull back to 3.67 and then close above 3.74 would signal higher. The expected overbought levels remain 3.83.

a breakdown below 3.67 would signal lower. Oversold levels are now 3.62. The next target down is 3.61.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures are down. Volumes are bearish.

Daily – Flat. The 1981 short signal on 8/2 was stopped out at the move above the 1927 level on 8/22. Trade pressures are up. But volumes are now bearish.

The next target down is 1903. The expected oversold levels are at higher lows at 1901.

Need a pullback to 1927 to enter a new long trade. The expected overbought levels are 1965.

 

SILVER_ SIU23

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

Daily – Flat. In the move up from the close above the 22.83 signal. Trade pressures are up. Volumes are bullish.

At 24.20 resistance. The next target up is 25.41.  Overbought levels are 26.35.

A close below 23.67 would signal lower. Oversold levels are expected at 20.63.

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COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are down. Volumes remain bearish.

Daily – Short. In the move down from 3.81.  Trade pressures are down but turning up. Volumes remain bearish.

The 3.61 target.  Oversold levels are now 3.60. The next target down is 3.51.

A close above 3.75 would signal higher. The expected overbought levels are now 3.83.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures are down. Volumes are bearish.

Daily – Short. In the move down from the 1981 short signal on 8/2. Trade pressures are down. Volumes are bearish.

Thru the 1927 target. The next target down is 1903. The expected oversold levels are lower lows at 1891.

A close above 1927 would signal a trend change. The expected overbought levels are 1977.

 

SILVER_ SIU23

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

Daily – Short. In the move down from the 24.39 level on 8/2. Trade pressures are down. Volumes remain bearish.

The next target down is 22.32 at the trendline support.  Oversold levels are 20.65.

A close above 22.83 would signal higher. Overbought levels are expected at 23.39.

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COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are now down. Volumes are bearish.

Daily – Short. In the move down from 3.81.  Trade pressures are down but turning up. Volumes remain bearish.

The next target down is 3.61.  Oversold levels are now 3.66.

A close above 3.75 would signal higher. The expected overbought levels are now 3.90.

 

GOLD_ GCZ23

Weekly – In the December 2022 uptrend. Still testing the support levels. Trade pressures are back down into the neutral zone. Volumes remain neutral.

Daily – Short. In the move down from the 1981 short signal on 8/2. Trade pressures are down. Volumes are bearish.

The next target down is still 1927. The expected oversold levels are lower lows at 1915.

Look for support around 1927 and failing that then 1903. A close above 1952 would signal a trend change. The expected overbought levels are 2003.

 

SILVER_ SIU23

Weekly – In the April 2023 uptrend. Trade pressures are down. Volumes are now bearish.

Daily – Short. In the move down from the 24.39 level on 8/2. Trade pressures are down. Volumes remain bearish.

The next target down is 22.19 at the trendline support.  Oversold levels are 21.17.

A close above 22.84 would signal higher. Overbought levels are expected at 23.71..

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COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures remain up. Volumes are bearish.

Daily – Long. Stopped out at 3.90 for a small gain.  Trade pressures are down but turning up. Volumes are bearish.

The next target down is 3.61.  Oversold levels are now 3.70.

A close above 3.91 would signal higher. The expected overbought levels are now 3.3.96.

 

GOLD_ GCZ23

Weekly – In the December 2022 uptrend. Still testing the support levels. Trade pressures are back down into the neutral zone. Volumes remain neutral.

Daily – Short. In the move down from the 1981 short signal on 8/2. Trade pressures are now down. Volumes are now bearish.

The next target down is 1927. The expected oversold levels are lower lows at 1928.

Look for a new long at support around 1927. The next target up is 1999. The expected overbought levels are 2012.

 

 

SILVER_ SIU23

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

Daily – short in the move down from the 24.39 level on 8/2. Trade pressures are down. Volumes are bearish.

The next target down 22.81.  Oversold levels are 22.28.

A close above 23.83 would signal higher. Overbought levels are expected at 24.44.

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COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are up. Volumes remain bullish.

Daily – Long. In the move up from the 3.84 long entry on 7/13.  Trade pressures are up. Volumes are bullish.

The next target up is 4.17.  Overbought levels are now 3.95.

A close below 3.80 would signal lower. The expected oversold levels are now 3.75.

[Use the 3.90 as SL.]

[8-1-23: Stopped out in the evening session (Central Time USA)]

 

GOLD_ GCZ23

Weekly – In the December 2022 uptrend. Testing the support levels. Trade pressures are now up. Volumes are now neutral.

Daily – Flat. Now in the December contract. The long signal is now from the 2004 level on 7/26. Trade pressures are now down. Volumes are now neutral.

Pulled back from the breakout to 1984. Look for a new long at support around 1958. The next target up is the nearby 2068. The next overbought levels are 1997.

The next target down is 1966. The expected oversold levels are lower lows at 1942.

 

SILVER_ SIU23

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

Daily – Flat, The move continues after the break out above 22.98 on 7/7, but showing lower highs. Trade pressures are down. Volumes are neutral.

The next target up is 25.47.  Overbought levels are 25.35. In a pullback to support around 23.88.

A close below 23.88 would signal lower. Oversold levels are expected at 23.92.

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COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up from the 3.84 long entry on 7/13.  Trade pressures are up. Volumes are bullish.

The next target up is 4.11. Overbought levels are now 3.96.

A new close below 3.77 would signal lower. The expected oversold levels are now 3.66.

 

GOLD_ GCQ23

Weekly – In the December 2022 uptrend. Testing the support levels. Trade pressures are now up. Volumes are now neutral.

Daily – Long. The signal is now long from the 1965 level on 7/18. Trade pressures are now down. Volumes remain bullish.

now in a pullback for the breakout. Look for a new long at support around 1945. The next target up is the nearby 1965. The next overbought levels are 1991.

The next target down is 1934. The expected oversold levels are 1919.

 

SILVER_ SIU23

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

Daily – Long, The move continues after the break out above 22.98 on 7/7. Trade pressures are up. Volumes are bullish.

The next target up is 26.14.  Overbought levels are 26.00.

In a pullback to support around 24.37. A close below 24.29 would signal lower. Oversold levels are expected at 24.05.