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COPPER_ HGN23

Weekly – Now in a new May 2023 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. The drop to 3.54 returned to the consolidation area of 3.66. Trade pressures are rising into the neutral zone. Volumes are now bullish.

In the move up from the 3.60 crossover to uptrend in the lower time frames. Overbought levels are  3.77 .

A new close below 3.62 would signal lower. The expected oversold levels are now 3.51.

 

GOLD_ GCQ23

Weekly – In the November 2022 uptrend. Trade pressures are now down. Volumes remain bearish.

Daily – Flat. Stopped out of the move down from the 2062 (August), the 5/5 short entry. Trade pressures are down. Volumes remain bearish.

The next target down is 1939 and the expected oversold levels are 1939.

A close above upside resistance at 1977 signals higher. The next overbought levels are 2031.

 

SILVER_ SIN23

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

Daily – Flat. In the move up from the 2hr 23.13 breakout. Trade pressures are down but rising. Volumes are now bullish.

Dropped to the lower median line support at 22.78. Oversold levels are at 22.74.

A close above 24.26 would signal higher and confirm the 23.13 break. Overbought levels are expected at 24.12.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN23

Weekly – In the November 2022 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Consolidating at the 3.66 target.. Trade pressures are down but rising. Volumes are bearish.

A the 3.66 target down. Oversold levels are 3.59. Still looking for a move higher at these oversold levels.

A new close above 3.75 would signal higher. The expected oversold levels are now 3.87.

 

GOLD_ GCM23

Weekly – In the December 2022 uptrend. Trade pressures are now down. Volumes remain bearish.

Daily – Short. in the move down from the 2044, the 5/5 short entry. Trade pressures are down. Volumes remain bearish.

The next target down is 1921 and the expected oversold levels are 1953.

A close above upside resistance at 1972 signals higher. The next overbought levels are 2069.

Look for a pull back on Monday to buy. SL will be the Friday lows at 1954.

 

SILVER_ SIN23

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

Daily – Flat. In the move down for the 25.20 level on 5/11. Trade pressures are down but rising. Volumes are now neutral.

At the 23.37 target down. Oversold levels are at 23.61.

A close above 24.96 would signal higher. Overbought levels are expected at 25.49.

 

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COPPER_ HGN23

Weekly – In the November 2022 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Breaks down below the consolidation level. Trade pressures are down. Volumes are bearish.

A the 3.66 target down. Oversold levels are 3.70. Looking for a move higher at these oversold levels.

Now a close above 3.75 would signal higher. The expected oversold levels are now 3.92.

 

GOLD_ GCM23

Weekly – In the December 2022 uptrend. Trade pressures are up and still rolling over. Volumes remain bearish.

Daily – Short. in the move down from the 2044, the 5/5 short entry. Trade pressures are down. Volumes remain bearish.

The next target down is 1983 and the expected oversold levels are 1994.

A close above 2028 is now upside resistance. The next overbought levels are 2046.

Set the SL at 2028.

[5-16-23: Close the short at 2007.50. looking for a move up.]

 

SILVER_ SIN23

Weekly – In the April 2023 uptrend. Trade pressures are up but have turned down into the neutral zone.. Volumes are now bearish.

Daily – Short. A lower high presaged a move lower which came on Thursday 5/11 with a selloff from the 25.20 short signal.  Trade pressures are down and trending. Volumes are bearish.

At the 23.96 target down. Oversold levels are at 23.49.

A close above 25.36 would signal higher. Overbought levels are expected at 26.99.

Set the SL at 24.80.

[5-16-23: Close the short at 24.02.]

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COPPER_ HGN23

Weekly – In the November 2022 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Still consolidating at the 3.86 downside target. Trade pressures are up. Volumes are now bearish.

The next target down is still 3.56. Oversold levels are 3.79.

The close above 3.88 signal higher is still in effect, but waiting for better trade lower time frame setup; looking for a bullish reversal on the 2-hr chart. Now below the expected oversold levels of 3.96.

 

GOLD_ GCM23

Weekly – In the December 2022 uptrend. Trade pressures are up and still rolling over. Volumes are now bearish.

Daily – Flat. Rallied above the 2005 long entry to a high of 2085 and then turned down on Friday to close below 2044, the new short entry. Trade pressures are now down. Volumes are bearish.

The next target down is 1983 and the expected oversold levels are 1999.

A close above 2078 is upside resistance. The next overbought levels are 2063.

 

SILVER_ SIN23

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

Daily – Flat. Traded above the 26.03 resistance levels.  Trade pressures are down but rising. Volumes remain bullish.

The next target down is 23.96. Oversold levels are at 24.85.

A close above 25.09 would signal higher. The overbought levels remain at 26.28.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN23

Weekly – In the November 2022 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. At the 3.86 downside target. Trade pressures are down and turning up. Volumes are now neutral.

The next target down is 3.56. Oversold levels are 3.792.

The close above 3.88 has signaled higher, but waiting for better trade pressures. The expected oversold levels are 4.00.

 

GOLD_ GCM23

Weekly – In the December 2022 uptrend. Trade pressures are up and still rolling over. Volumes remain neutral.

Daily – Flat. Still in the short trade below 2022. Trade pressures are down. Volumes are bearish.

The next target down is 1961 and the expected oversold levels are 1984.

A close above 2005 would signal higher. The next overbought levels are 2048.

[5-2-23: Rallied off the oversold levels. The move thru the 2005 level has set a new long trade. The next target up is a test of the 2046 resistance. A break blow the 1989 level would signal lower.]

 

SILVER_ SIN23

Weekly – In the April 2023 uptrend. Trade pressures are up but turning down. Volumes are now neutral.

Daily – Flat. In the July contract. Have traded down thru the 25.00 short entry, but now back above.. Trade pressures are down but rising. Volumes are now bullish.

The next target down is 23.96. Oversold levels are at 21.40.

A close above 25.43 would signal higher. The overbought levels remain at 23.75.

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COPPER_ HGN23   (rollover to july contract)

Weekly – In the November 2022 uptrend. Trade pressures are turning from the neutral zone. Volumes are now bearish.

Daily – Flat. At the 3.98 downside target and May contract is at rollover. Trade pressures are down. Volumes are bearish.

Sell the May contract.

The next July contract target down is 3.86. Oversold levels are 3.92.

A close above 4.04 would signal higher. The expected oversold levels are 4.12.

[4-24-23: Sold Covered at the 3.96 daily low. Missed the 4/25 crash) ]

 

GOLD_ GCM23

Weekly – In the December 2022 uptrend. Trade pressures are up but rolling over. Volumes are now neutral.

Daily – Flat. Had tested the 1981 support level, then stopped out at the BE, 2022. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 1961 and the expected oversold levels are 1989.

A close above 2005 would signal higher. The next overbought levels are 2053.

 

SILVER_ SIK23

Weekly – Now in the new April 2023 uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. Very near a new short entry at 24.99. Trade pressures are down. Volumes are remain bearish.

The next target down is 23.75. Oversold levels are at 21.27.

A close above 25.53. The overbought levels are 23.75.

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COPPER_ HGK23

Weekly – In the November 2022 uptrend. Trade pressures are rising into the neutral zone. Volumes are bullish.

Daily – Short. At the 4.14 and meeting resistance. Trade pressures are up and trending. Volumes are now bearish.

The next target up is 4.37. Overbought is expected at 4.14.

The close below 4.14 has signaled lower.  Oversold levels will be near 3.92.

[4-17-23: Set the SL at 4.11.]

[4-20-23: Set profit stop at 3.92.]

 

 

GOLD_ GCM23

Weekly – In the December 2022 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Short, now at the 2064 overbought levels and the short entry at 2022 has been triggered. Trade pressures are in the neutral zone. Volumes are bearish.

The next target down is 1981 and the expected oversold levels are 1979.

A close above 2041 would signal higher. The next overbought levels are 2064.

{4-17-23: Set SL at the 2022 BE.]

[4-18-23: Stopped out at BE.]

 

SILVER_ SIK23

Weekly – Now in the new April 2023 uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. A new short entry is nearby at 25.06. Trade pressures remain up. Volumes are now bearish.

The next target up is 27.14. Overbought levels are at 26.30.

A close below 25.06 will signal lower. The oversold levels are 21.75.

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COPPER_ HGK23

Weekly – In the November 2022 uptrend. Trade pressures are rising into the neutral zone. Volumes are bullish.

Daily – Flat. At the 4.09 new long entry. Trade pressures are down into the neutral zone. Volumes remain bullish.

The next target up is 4.37. Overbought is expected at 4.15.

A close below 4.03 would signal lower.  Oversold levels will be near 3.88.

 

 

GOLD_ GCM23

Weekly – In the December 2022 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat, now at the upper median line resistance. Trade pressures remain up. Volumes are bullish..

The next target up is the recent high pivot at 2005 and the overbought levels is now 2015.

A close below 1949 would signal lower. Oversold target is 1927.

 

 

SILVER_ SIK23

Weekly – Testing the resistance of the February 2023 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. A new long entry was triggered at 23.05, but a tight stop was triggered for an immediate loss. Trade pressures remain up. Volumes are bullish.

Touched the 23.54 target, pulled back then move up in another leg higher towards the 24.39 target. Now above the overbought level at 23.24.

A close below 23.31 would signal lower. The expected oversold level is 21.98..

 

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COPPER_ HGK23

Weekly – In the November 2022 uptrend. Trade pressures are down but rising. Volumes are now bullish.

Daily – Flat. At the 406 upside target. Trade pressures are up. Volumes are bullish.

The next target up is the 4.35 recent high pivot. Overbought is expected at 4.13.

A close below 4.06 would signal lower.  Oversold levels will be near 3.78.

[3-27-23: Short at 4.06. SL at 4.08.] [AM. stopped out at 4.08.]

 

GOLD_ GCJ23

Weekly – In the December 2022 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat, now at resistance. Trade pressures remain up. Volumes are bullish..

The next target up is 2014 and the overbought levels is also 2014.

A close below 1954 would signal lower.

Oversold target is 1891.

[3-27-23: Short at 1954. SL at 1975.]

 

SILVER_ SIK23

Weekly – In the new February 2023 downtrend. Trade pressures are now up. Volumes are bullish.

Daily – Flat. A new long entry has been triggered at 21.75. Trade pressures remain up. Volumes are bullish.

Touched the 23.54 target and pulled back. Overbought level 23.24.

A close below 22.80 would signal lower. The expected oversold level is 22.09.

[3-27-23: Long at 23.05. SL at 23.01.]

 

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COPPER_ HGK23

Weekly – In the November 2022 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. At the 3.84 downside target. Trade pressures are down but rising. Volumes remain bearish.

The next target down is the 200DMA at 3.75. Oversold is expected at 3.79.

A close above 3.90 would signal higher.  Overbought levels will be near 4.03.

[3/19/23: Long at 3.92. SL at 3.87] [3/20/23: Stopped out in the overnight markets with a loss.]

 

GOLD_ GCJ23

Weekly – In the December 2022 uptrend. Trade pressures are up into the neutral zone.. Volumes are remain bullish.

Daily – Flat, the run continues higher. Trade pressures are up. Volumes are bullish..

The next target up is 2001and is above the overbought levels at 1963.

A close below 1954 would signal lower.

Oversold target is 1843.

 

SILVER_ SIK23

Weekly – In the new February 2023 downtrend. Trade pressures are rising to the neutral zone. Volumes are now bullish.

Daily – Long. A new long entry has been triggered at 21.75. Trade pressures are up. Volumes are now bullish.

The next target up is 23.54. Overbought level 23.30.

A close below 22.40 would signal lower. The expected oversold level is 19.70.

At resistance now, wait for a pull back and the bullish reversal on the trade pressures to re-enter.