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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.

 

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COPPER_ HGZ24

Weekly – In the August 2024 downtrend. Trade pressures have risen into the neutral zone. Volumes are neutral.

Daily – Long. At the 200 day / 4.23 resistance. Trade pressures are up.  Volumes are bullish.

The February trendline support held. The expected oversold levels rise to 4.02.

A close above the 4.23 resistance would signal higher. The expected overbought levels have declined to 4.23.
But the overbought level suggests a pullback is likely.

[9-16-24: Missed the morning move up and now at overbought. Wait for a new setup.]

 

 

GOLD_ GCZ24

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

Daily – Long, from the 2547 break on 9-12. Trade pressures are up.  Volumes are bullish.

The next target up is 2620. The expected overbought level has risen to 2599.

A close below 2597 (also the SL) would signal lower. The expected oversold level has risen to 2507.

 

SILVER_ SIZ24

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

Daily –Long. At 31.07, after breaking out again above the UML at 28.91. Trade pressures are up.  Volumes are bullish.

The next target up is 31.99. Overbought levels are 30.61.

A close below 30.32 would signal lower and is the SL.  Oversold levels are 28.19.

[9-16-24: Raise the SL to 30.98]

 

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COPPER_ HGZ24

Weekly – In the August 2024 downtrend. Trade pressures are below the neutral zone. Volumes are bearish.

Daily – Flat. Now lower with the global markets. Testing the February resistance line at 4.07. Trade pressures are down but rising.  Volumes remain bearish.

The lower median line parallel as support failed. The expected oversold levels decline to 4.01.

A close above 4.23 would signal higher. The expected overbought levels have declined to 4.29.

 

GOLD_ GCZ24

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

Daily – Flat. Stopped out of the previous short trade. Price dropped as expected, then rallied to the same UML, then closed down on Friday. Trade pressures are up.  Volumes turn bearish again.

Expect a test of support at 2484; then a possible long. The expected oversold level has declined to 2477.

A close above 2547 would signal higher. The expected overbought level has risen to 2579.

 

SILVER_ SIZ24

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

Daily –Flat. The short trade was stopped out on 9/5. Trade pressures are in the neutral zone.  Volumes are bearish.

The next target down is 27.26.  Oversold levels are 27.86.

Expected support level remains 27.26. Look for a long entry there. A close above 28.91 would signal higher.  Overbought levels are 30.81.

 

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COPPER_ HGZ24

Weekly – In the August 2024 downtrend. Trade pressures rise into the neutral zone. Volumes are neutral.

Daily – Flat. In the second leg up from 8/29 at 4.20. Trade pressures are down but rising.  Volumes are bearish.

The next target up is 4.36. The expected overbought levels have risen to 4.32.

Support expected at 4.16, the lower median line parallel. The expected oversold levels stay at 4.06.

 

GOLD_ GCZ24

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

Daily – Short. The Upper Median Line parallel, after 5 attempts, rejected the price advance; now forming a small bull flag at the highs. Trade pressures are down.  Volumes turn bearish.

The second close below 2543 signals lower. The next target down is 2499. The expected oversold level has risen to 2511.

A close above 2541 would signal higher. Use this 2541 as a SL. The expected overbought level has risen to 2579.

[9-3-24: set SL at 2538 on 8/30 entry price. Take profits at 2490.]

[9-4-24: Lower SL to 2531. take profit at 2497.]

 

SILVER_ SIZ24

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

Daily –Short. 8/30 breaks back down into the down channel and triggers the 29.37 short entry. Trade pressures are up.  Volumes are bullish.

The next target down is 27.91.  Oversold levels are 27.86.

Expected support level is 27.26. Look for a long entry there. A close above 29.43 would signal higher.  Overbought levels are 30.658.

[9-3-24: Set new SL at 28.94. Take profits at 27.50.]

[9-4-24: Take profits at 27.91.]

 

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COPPER_ HGZ24

Weekly – In the August 2024 downtrend. Trade pressures rise into the neutral zone. Volumes are neutral.

Daily – Flat. In the second leg up from 8/12 at 4.05. Trade pressures are up. Volumes are bullish.

The next target up is 4.36. The expected overbought levels have risen to 4.28.

Support at 4.13, the lower median line parallel. The expected oversold levels rises to 4.06.

 

GOLD_ GCQ24

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

Daily – Flat. 8/8 in new uptrend from 2450. Lower highs. Trade pressures are down into the neutral zone.  Volumes remain bullish..

The next target up is 2584. The expected overbought level has risen to 2575.

A close below 2541 would signal lower. The expected oversold level has risen to 2478.

[8-28-24: Short from 2541 w SL at 2555] [8-29-24: Stopped out at 2555.]

 

SILVER_ SIZ24

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

Daily –Flat. Breaks out of the bull flag at 29.93 on 8/23. Looking for a back test around 29.00 for long trade. Trade pressures are up.  Volumes are bullish.

The next target up is 31.99. Overbought levels are 30.63.

A close below 29.37 would signal lower.  Oversold levels are 27.86.

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COPPER_ HGU24

Weekly – In the August 2024 downtrend. Trade pressures remain down. Volumes remain bearish.

Daily – Flat. In the second leg up from 8/12 at 3.99. Stopped out at 4.03 and missed the breakout on 8/15. Trade pressures are up. Volumes are bullish.

The next target up is 4.29. The expected overbought levels have declined to 4.17.

A close below 3.99 would signal lower. The expected oversold levels remain at 3.91.

 

GOLD_ GCQ24

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

Daily – Flat. 8/8 in new uptrend from 2450 and have broken the resistance line at 2535..  Trade pressures are up.  Volumes are bullish..

The next target up is 2566. The expected overbought level has risen to 2566.

The next target down is 2514. The expected oversold level has risen to 2440.

 

SILVER_ SIU24

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

Daily –Flat. Long from 27.28,  on 8/8.  Trade pressures are up.  Volumes are bullish..

The next target up is 29.62. Overbought levels are 30.17.

A close below 28.34 would signal lower.  Oversold levels are 27.39.

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGU24

Weekly – In the August 2024 downtrend. Trade pressures remain down. Volumes remain bearish.

Daily – Flat. In the July move down at 4.49 on 7/16.  Trade pressures have turned down again. Volumes remain neutral.

The next target down is 3.82. The expected oversold levels are 3.91.

A close above 4.03 would signal higher.  The expected overbought levels have declined to 4.18.

[8-12-24: Long at 4.03. Set the SL at 3.99.]

[8-14-24. Raise the SL to the entry price of 4.03.] [Stopped out in the overnight session.]

 

GOLD_ GCQ24

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

Daily – Flat. 7/30 in new uptrend from 2450.  Trade pressures are up.  Volumes are bearish.

The next target up is 2527. The expected overbought level has declined to 2499.

The next target down is 2365. The expected oversold level has risen to 2401.

 

SILVER_ SIU24

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

Daily –Long. Long from 27.37,  the trend break 8/8.  Trade pressures are down.  Volumes remain bearish.

The next target up is 28.43. Overbought levels are 30.17.

A close below 29.83 would signal lower.  Oversold levels are 27.37.

Set the SL at 27.14.

[8-12-24: Raise the SL to 27.93.]

[8-12-24: stopped out in the nite session.]