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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.

 

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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.]

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COPPER_ HGU24

Weekly – New August 2024 downtrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. The July move up at 4.18 failed and dropped to a low of 4.03.  Trade pressures have risen into the neutral zone. Volumes are neutral.

The next target down is 4.03. The expected oversold levels have declined to 3.99.

A close above 4.16 would signal higher.  The expected overbought levels have declined to 4.25.

 

GOLD_ GCQ24

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

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

The next target down is 2436. The expected oversold level has declined to 2368.

The next target up is 2535. The expected overbought level has risen to 2502.

 

SILVER_ SIU24

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

Daily –Flat. The break below the trendline support at 30.53 takes price to 27.45 and started a recovery rally.  Trade pressures are up.  Volumes are now bearish.

The next target down is 28.36. Oversold levels are 27.09.

A close above 29.83 would signal higher.  Overbought levels are 31.25.

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COPPER_ HGU24

Weekly – Still in the December 2023 uptrend but now testing support. Trade pressures are down just below the neutral zone. Volumes are bearish.

Daily – Flat. The move up has failed  Trade pressures are down. Volumes remain bearish.

Decisive break below 4.49 sends price to the 4.26 downside target. The expected oversold levels have declined to 4.25.

A close above 4.32 would signal higher.  The expected overbought levels have declined to 4.70.

[7-31-24: Long. Breaks out of the downward channel at 4.18.]

[8-1-24: sell long at 4.01]

GOLD_ GCQ24

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

Daily – Flat. Crashed down thru the short entry price at 2445, as the US Dollar breaks the downtrend and turns up.  Trade pressures are down.  Volumes are now bearish.

The next target down is 2381. The expected oversold level has risen to 2384.

The next target up is 2467. The expected overbought level has risen to 2495.

 

SILVER_ SIU24

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

Daily –Flat. Breaks down below the trendline support at 30.53.  Trade pressures down.  Volumes are now neutral.

The next target down is 28.36. Oversold levels are 28.36.

A close above 29.83 would signal higher.  Overbought levels are 30.85.

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COPPER_ HGU24

Weekly – Still in the December 2023 uptrend. Trade pressures are rising just above the neutral zone. Volumes are neutral.

Daily – Flat. In the new move up from from 4.58.  Trade pressures are down. Volumes are bullish.

Move up not confirmed by the daily. looking for dips to test the LML at 4.42.  The expected oversold levels have risen to 4.35.

A second close above 4.58 would signal higher.  The expected overbought levels have risen to 4.73.

 

GOLD_ GCQ24

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

Daily – Flat. testing the top of the bull flag at 2420.  Trade pressures are up.  Volumes remain bullish.

The next target up is 2467. The expected overbought level has risen to 2432.

A close below 2389 would signal lower. The expected oversold level has risen to 2337.

 

SILVER_ SIU24

Weekly – Still in the December 2023 uptrend.  Trade pressures remain in the neutral zone.  Volumes remain  bullish.

Daily –Flat. In a correction down to 30.62. Trade pressures are up, but declining.  Volumes are now bearish.

Possible lower high. The next target down is 29.85. Oversold levels are 29.61.

A close above 31.30 would signal higher.  Overbought levels are 33.12.

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COPPER_ HGU24

Weekly – Still in the December 2023 uptrend. Trade pressures are rising to the neutral zone. Volumes are bullish.

Daily – Long. In the move up from from 4.40.  Trade pressures are up. Volumes are bullish.

Got the long entry at 4.40. The next target up is 4.71. The expected overbought levels have risen to 4.64.

Need a close below 4.41 for a new short entry. The expected oversold levels have risen to 4.34.

[7-1-24: Long the HGU24 at 4.40. Set the SL at 4.38.]

[7-2-24: Raise the SL to 4.40.]

[7-5-24: Raise the SL to 4.60.]

[7-8-24: Stopped out overnight at the 4.60 level.]

 

GOLD_ GCQ24

Weekly – In the December 2023 uptrend.  Trade pressures are down, but rising.  Volumes are bullish.

Daily – Flat. Broke out to the upside after a move above the January Median Line at 2350.  Trade pressures are up.  Volumes are bullish.

Rallied to the 2390 level into the weekend. The next target up is 2414. The expected overbought level has risen to 2380, so some conflict here.

A close below 2380 would signal lower. The expected oversold level has risen to 2313.

 

SILVER_ SIU24

Weekly – Still in the December 2023 uptrend.  Trade pressures remain in the neutral zone.  Volumes are  bullish.

Daily –Long. In the move up from the 29.51 break on 7/1. Trade pressures are up  Volumes are bullish.

The next target up is 33.37.  Overbought levels are 33.17.

A close below 30.90 would signal lower.  Oversold levels are 29.61.