Category: Metals

Metals

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COPPER_ HGH23

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

Daily – Short. In the move down from the 4.32 [Correction: 4.26] entry on 1/19/23. Trade pressures are up but declining. Volumes are bullish  but declining.

At the over bought level. The next target down is 4.02. Oversold levels are at 3.83.

A close above the pivot high at 4.35 would signal higher. Use this as the SL.

[1/23/23: Lower SL to BE at 4.32.]

[1/25/23: Lower SL to 4.25.] [1/25/23 pm CST: Stopped out.]

 

GOLD_ GCG23

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

Daily – Flat. In the move up from the November entry at 1713. Trade pressures are up. Volumes are bullish.

The next target up is 1956. Over bought is 1945.

A close below 1913 would signal lower. Oversold levels will be 1851.

 

SILVER_ SIH23

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

Daily – Flat. In the move up from the November long entry at 21.81. Trade pressures are up. Volumes are bullish.

The next target up is the 24.77 pivot high. Seeing lower highs here; look for retracement.

A close below 22.88 would signal lower.

Metals

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COPPER_ HGH23

Weekly –  Breaks above the the downtrend resistance to form new uptrend. Trade pressures aare up. Volumes are bullish.

Daily – Flat. Missed the break above the 200day. In the move up from 3.88 on 1/6/23. Trade pressures are up and trending. Volumes are bullish.

The next target up is 4.30. The overbought levels are also 4.30.

A close below 4.16 would signal retracement. Oversold is at 3.65.

 

GOLD_ GCG23

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

Daily – Flat. In the move up from the 11/8/22 long entry. Trade pressures are up and trending. Volues are bullish.

The next target up is 1956. well above the 1911 over bought level.

A close below 1915 would signal a retracement. Oversold is at 1829.

 

SILVER_ SIH23

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

Daily – Flat. In the move up from 21.81 long entry. Trade pressures are up. Volumes are bullish.

The next target up is 25.14.

A close below 24.20 would signal retracement.

Metals

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COPPER_ HGH23

Weekly – In the May 2022 downtrend but testing the resistance. Trade pressures are now up. Volumes are bullish.

Daily – Flat. the break above the 200 day signals higher, look for the back-test. Trade pressures are up. Volumes are bullish.

The next target up is 3.95, now at overbought, so look for consolidation here.

The next target down is the 3.71 resistance.; which is also the oversold level.

 

GOLD_ GCG23

Weekly – Now in the new January 2023 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. In the move up from the 1703 long entry on 11/8/22. Trade pressures are up but turning down. Volumes are bullish.

The next target up is 1913. Now above the overbought level at 1866.

A close below 1864 would signal lower, the expected oversold level is 1804.

 

SILVER_ SIH23

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

Daily – Flat. In the December 2022 uptrend. Trade pressures are down but rising. Volumes are bullish.

The next target up is 25.14 and a retest of the 24.77 pivot high.

A close below 22.21 would signal lower.

 

Metals

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COPPER_ HGH23

Weekly – In the May 2022 downtrend. Trade pressures are neutral. Volumes are bullish.

Daily – Flat. Retracing the move down, now testing the resistance at 3.87. Trade pressures are down. Volumes are neutral.

The next target down is the 3.62 support level. 3.68 would be an oversold level.

A close above the 3.87 resistance would signa higher, but the oversold level is 3.90. be quick to take the profit.

 

GOLD_ GCG23

Weekly – In the July 2022downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 1703 entry on 11/8/22. Trade pressures are up. Volumes are bullish.

The next target up is 1931. The oversold level is 1841; if above this level use as the stop.

A close below1719 would signal lower. 1783 is oversold, so look for a long re-entry between the 1719 and 1783 on any pull back.

 

SILVER_ SIH23

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

Daily – Flat. In the move up from the 21.81 level on 11/30. Trade pressures are down into the neutral zone. Volumes are bullish.

The next target up is 25.14.

A close below 22.56 would signal lower.

Metals

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COPPER_ HGH23

Weekly – In the May 2022 downtrend. Still testing the upside resistance. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Flat. Remains in the move down from the 3.82 retest of resistance. Trade pressures are down volumes are bearish.

The next target down is 3.69. 3.61 is the oversold area.

A close above 3.82 would signal higher. Use this as the SL. 3.90 will be the oversold area.

 

GOLD_ GCG23

Weekly – In the July 2022 downtrend, but testing upside resistance. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 11/8 long entry at 1703. Trade pressures are down. Volumes are now bearish.

The next target up is the prior high at 1836. The overbought area is at 1832.

A close below the short entry at 1785 would signal lower. Over sold area is at 1765.

 

SILVER_ SIH23

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

Daily – Short. In the new move down from the 12/15 short trigger at 23.50. Trade pressures are down. Volumes are bearish.

The next target down is 22.61. Oversold is at 22.46.

A close above 23.65 would signal higher. Use this level as the SL.

Metals

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COPPER_ HGH23

Weekly – In the May 2022 downtrend. Trade pressures are in the neutral zone. volumes are bullish.

Daily – Flat. In the move down from 3.82, but testing the upper median line resistance at 3.88. Trade pressures are up and extended. Volumes are bullish.

The next target down is 3.62, which would be near the oversold level.

A close above 3.88 would signal higher. Overbought levels are 3.95.

 

GOLD_ GCG23

Weekly – In the July 2022 downtrend. Trade pressures are up, testing the resistance. Volumes are bullish.

Daily – Flat. In the move up from the 1703 entry on 11/8. Trade pressures are up but showing some divergence. Volumes are bullish.

The next target up is the 200 day MA at 1827. Overbought is at 1833.

A close below 1771 would signal lower. the oversold expected level than is 1735.

 

SILVER_ SIH23

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

Daily – Flat. In the move up from the 21.81 level. Trade pressures are up, but showing divergence. Volumes are bullish.

The next target up is 25.14. Overbought is 24.23.

A close below 23.20 would signal lower. Oversold is 22.03.

 

Metals

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COPPER_ HGH23

Weekly – Still testing the resistance in the May 2022 downtrend. Trade pressures remain in the neutral zone. Volumes are bullish.

Daily – Long, form the 3.66 long entry on 11/30. Trade pressures are up. Volumes are bullish.

The next target up is the 3.90 upper median line. 3.81 is the overbought level. Set this 3.81 as the SL.

A close below 3.79 would signal lower.

[12-5-22: Stopped out at the 3.81 SL]

 

GOLD_ GCG23

Weekly – In the July 2022 down trend. Trade pressures are up. Volumes are bullish.

Daily – Long, from the 1776 long entry on 11/30. Trade pressures are up. Volumes are bullish.

The next target up is 1840. 1815 is the overbought level. Set the SL at the gap , 1782.

A close below 1752 would signal lower.

[12-5-22: Stopped out at the 1782 SL.]

 

SILVER_ SIH23

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

Daily – Long. In the  move up from the new long entry at 22.41 on 12/1. Trade pressures are up. Volumes are bullish.

The next target up is 23.48. Overbought is at 23.48. TP at 23.48.

A close below 22.80 would signal lower. Use 22.80 as the SL.

[12-4-22: Profit stop at 23.48 taken Sunday nite session.]

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COPPER_ HGH23

Weekly – The 3.96 held as resistance/ Trade pressures are down into the neutral zone. Volumes remain  bullish.

Daily – Flat. In the move down from the 3.82 short entry on 11/15. Trade pressures are up. Volumes are bearish.

The next target down is 3.42. 3.51 is oversold.

A close above 3.66 would signal higher. 3.93 is overbought.

 

GOLD_ GCG23

Weekly – In the July 2022 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move down from the 1755 level on 11/21. Trade pressures are up into the neutral zone. Volumes are bearish.

The next target down is 1703. 1716 is oversold.

A close above 1776 would signal higher. 1798 is overbought.

 

SILVER_ SIH23

Weekly – In the May 2022 downtrend. Testing the resistance. Trade pressures are up but rolling over. Volumes are bullish.

Daily – Flat. In the move down from the 21.67 short entry on 11/16. Trade pressures are up. Volumes are now bullish.

The next target down is 20.78.

A close above 21.90 would signal higher.

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COPPER_ HGZ22

Weekly – In the May 2022 downtrend. Trade pressures are up. Volumes are bullish. Resistance held.

Daily – Short. In the move down from the 11/16 entry at 3.78. Trade pressures are down. Volumes are bearish.

The next target down is 3.54. TP at 3.54.

A close above 3.72 would signal higher. Use 3.72 as SL.

[11/21/22: Lower SL to 3.60.]

[11/22/22: Stopped out at 3.60.]

 

GOLD_ GCZ22

Weekly – In the July 2022 downtrend. Trade pressures are up.  Volumes are bullish.

Daily – Flat. Near the new short entry, volumes do not confirm. Trade pressures are down into the neutral zone. Volumes are neutral.

The next target down is the new short entry at 1748. Oversold is at the 1682 level.

A close above 1768 would signal higher. Overbought is at the 1815 level.

[11/21/22: GCZ22 Short at 1748. Set SL at BE. TP @1701. Close Trade on Wednesday before TG.]

[11/22/22: Stopped out at BE. 1748.]

 

SILVER_ SIZ22

Weekly – In the May 2022 downtrend. Testing the upside resistance. Trade pressures are up. Volumes are

bullish.

Daily – Short. In the move down from the 21.33 entry on 11/17. Trade pressures are down, Volumes are bearish.

The next target down is 20.60, then 20.18. TP at 20.18.

A close above 21.67 would signal higher. Use 21.67 as the SL.

[11/21/22: Lower SL to 21.00.]

[11-22-22: Stopped out in the overnight trading @ 21.00]

Metals

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COPPER_ HGZ22

Weekly – In the May 2022 downtrend; Testing resistance now. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 3.64 long entry on 11/08, 11/9 SL @ BE. Trade pressures are up. Volumes are bullish.

The next target up is the 200 day MA at 4.01; now above the over bought level at 3.85.

A close below 3.78 would signal lower. The 3.30 oversold level is the target.

 

GOLD_ GCZ22

Weekly – In the July 2022 downtrend. Trade pressures are now up. Volumes are bullish.

Daily – Flat. In the move up from the 1650 long entry on 11/4. Trade pressures are up. Volumes are bullish.

PT at 1682 taken on 11/7. The next target up is 1825.

Now above the new overbought levels of 1776. A close below 1727 would signal lower.

 

SILVER_ SIZ22

Weekly – In the May 2022 downtrend. Trade pressures are up. Volumes are bullish. Testing the upside resistance.

Daily – Flat. In the 11/8 move up from the 21.14 long entry. SL hit on 11/9 at BE. Trade pressures are up. Volumes are bullish.

The next target up is 23.48.

A close b elow 21.33 would signal lower.