#copperfutures #goldfutures #silverfutures

COPPER_ HGU24

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

Daily – Flat. Still in the move down from 4.53.  Trade pressures are down, but turning up. Volumes are bearish to neutral.

The next target down is 4.26. The expected oversold levels have declined to 4.30.

Need a close above 4.41 for a new long entry. The expected overbought levels have declined to 4.58.

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

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

 

GOLD_ GCQ24

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

Daily – Flat. After selling down to 2303, a decent rally to 2350.  Trade pressures vacillate in the neutral zone.  Volumes remain bearish to neutral.

Rallied to the 2350 level, then some profit taking into the weekend.  The expected oversold level has risen to 2304.

The next target up is 2381. The expected overbought level has declined to 2378.

Volatility is declining.

[6-30-24: Take profits ahead of the contract rollover. Sold at 2334 Sun nite session.]

 

SILVER_ SIU24

Weekly – Still in the December 2023 uptrend.  Trade pressures are down into the neutral zone.  Volumes are  bearish.

Daily –Flat. Failed another attempt to break out of the downward parallel channel at 29.86.  Trade pressures are up but have turned down.  Volumes have returned to bearish.

The next target down is 28.38.  Oversold levels are 29.08.

A close above 29.51 would signal higher.  Overbought levels are 30.58.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN24

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

Daily – Flat. In the move down from 4.53.  Trade pressures are up, but turning down. Volumes are bullish to neutral.

The next target down is 4.34. The expected oversold levels have declined to 4.38.

Need a close above 4.51 for a new long entry. The expected overbought levels have declined to 4.65.

 

GOLD_ GCQ24

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

Daily – Flat. After selling down to 2310, a decent rally to 2340.  Trade pressures vacillate in the neutral zone.  Volumes remain bearish to neutral.

Rallied to the 2380 level. But closed the week with two down days. The expected oversold level has risen to 2303.

Need a close above 2362 to begin a new move up. The expected overbought level has declined to 2390.

[6-27-24; long from 2322 on 6/27 off the over sold level of 2303.]

[6-27-24: Raise SL to the 2330  level.]

 

SILVER_ SIN24

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

Daily –Flat. Failed attempt to break out of the downward parallel channel.  Trade pressures are up but have turned down.  Volumes have returned to bearish.

The next target down is 28.38.  Oversold levels are 28.05.

A close above 30.68 would signal higher.  Overbought levels are 30.41.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN24

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

Daily – Flat. In the move down from the third break lower below 4.6.  Trade pressures risen into the neutral zone. Volumes remain bearish.

The next target down is 4.36. The expected oversold levels have declined to 4.39.

Need a close above 4.52 for a new long entry. The expected overbought levels have declined to 4.72.

 

GOLD_ GCQ24

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

Daily – Flat. After selling down to 2310, a decent rally to 2340.  Trade pressures vacillate in the neutral zone.  Volumes remain bearish to neutral.

Consolidating around the December 2023 Median line. The expected oversold level has declined to 2298.

The close above 2333 on the two hour chart did signal higher for a counter trend trade.  Tight stops. The expected overbought level has declined to 2398.

 

SILVER_ SIN24

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

Daily –Flat. In the downward parallel channel.  Trade pressures are down once again.  Volumes remain bearish.

The next target down is 28.38.  Oversold levels are 28.03.

A close above 29.96 would signal higher.  Overbought levels are 30.41.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN24

Weekly – Remains in the December 2023 uptrend. Trade pressures declining into the neutral zone. Volumes are bearish.

Daily – Flat. In the move down from the third break lower below 4.6.  Trade pressures risen into the neutral zone. Volumes remain bearish.

The next target down is 4.40. The expected oversold levels have declined to 4.46.

Need a close above 4.51 for a new long entry. The expected overbought levels have declined to 4.97.

10yr interest rates rise sharply.

 

GOLD_ GCQ24

Weekly – In the December 2023 uptrend.  Trade pressures are in the neutral zone.  Volumes remain bearish.

Daily – Flat. After a short rally the move down resumed at 2393.  Trade pressures turn back down and are in the neutral zone.  Volumes remain bearish.

At the the 2313 target. The expected oversold level has risen to 2323.

A close above 2344 would signal higher. The expected overbought level has declined to 2415.

 

SILVER_ SIN24

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

Daily –Flat. Moved up to the 32.53 lower high and turned down.  Trade pressures are up but turning down once again.  Volumes are bearish.

Thurs rallied and Friday sold off with the strong jobs announcement. The next target down remains 28.82.  Oversold levels are 28.91.

A close above 29.96 would signal higher.  Overbought levels are 31.36.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN24

Weekly – Remains in the December 2023 uptrend. Trade pressures remain up, but declining. Volumes remain neutral.

Daily – Flat. Attempted a long in the move down, but stopped out for a loss.  Trade pressures are down. Volumes remain bearish.

At the 4.56 target. The expected oversold levels have declined to 4.55.

Need a close above 4.70 for a new long entry. The expected overbought levels have risen to 5.19.

 

GOLD_ GCQ24

Weekly – In the December 2023 uptrend.  Trade pressures are up, but turning down and near the neutral zone.  Volumes remain bearish.

Daily – Flat. Stopped out at the 2374 SL for a small gain.  Trade pressures remain down.  Volumes remain bearish.

The next target down is the 2313 target. The expected oversold level has declined to 2310.

A close above 2375 would signal higher. The expected overbought level has declined to 2457.

 

SILVER_ SIN24

Weekly – In the December 2023 uptrend.  Trade pressures are just up.  Volumes have returned to bearish.

Daily –Flat. Moved up to the 32.53 lower high and turned down.  Trade pressures are down.  Volumes are bearish.

Thurs and Friday sold off after the lower high. The next target down is 28.82.  Oversold levels are 28.61.

A close above 31.32 would signal higher.  Overbought levels are 31.89.

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGN24

Weekly – Remains in the December 2023 uptrend. Trade pressures remain up. Volumes are now neutral.

Daily – Flat. Now a 44 cent move down after the spike to 5.19 on Monday.  Trade pressures are down. Volumes are bearish.

The next target down is 4.56. The expected oversold levels have risen to 4.66.

Got the pullback to 4.80, Need a close above 4.84 for a new long entry. The expected overbought levels have risen to 5.18.

[5-28-24: Long from 4.84.]    [SL at 4.80 and stopped out 5-29-24 am for a loss.]

 

GOLD_ GCQ24

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

Daily – Short. the break below the 2388 LML started the short trade.  Trade pressures are down.  Volumes are bearish.

The next target down is the 2290 target. The expected oversold level has risen to 2315.

A close above 2355 would signal higher. The expected overbought level has risen to 2546.

[5-29-24: Lower SL to 5388.]

[5-30-24: Lower SL to 2374.]

 

SILVER_ SIN24

Weekly – In the December 2023 uptrend.  Trade pressures are just up.  Volumes have returned to bearish.

Daily –Flat. Moved up to the 32.75 high and turned down.  Trade pressures are down.  Volumes are neutral.

Moved down thru supports just as easily. The next target down is 28.82.  Oversold levels are 29.76.

A close above 31.37 would signal higher.  Overbought levels are 31.60.

[5-28-24: Long from 31.40.]   [5-29-24: Raised SL to 31.88, then stopped out in the AM.]

#copperfutures #goldfutures #silverfutures

COPPER_ HGN24

Weekly – Remains in the December 2023 uptrend. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. Big 30 cent move up after the break above 4.70 on Friday.  Trade pressures are up. Volumes are neutral.

The spike up took price to near the extended target of 5.17. Look for a pull back to 4.80 for a new long entry. The expected overbought levels have risen to 5.04.

A close below 4.92 would signal lower.  The expected oversold levels have risen to 4.55.

 

GOLD_ GCM24

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

Daily – Flat. Stopped out of the long trade for a gain.  Trade pressures remain up.  Volumes are bullish.

The next target up is the upper median line at 2494. The expected overbought level has risen to 2408.

A close below 2388 would signal lower. The expected oversold level has risen to 2311.

 

SILVER_ SIN24

Weekly – In the December 2023 uptrend.  Trade pressures are remain down into the neutral zone.  Volumes have turned bullish.

Daily –Flat. Moved up thru 30.00.  Trade pressures remain up.  Volumes remain bullish.

Moved thru all resistances easily. The next target up is 31.02.  Overbought levels are 28.55.

A close below 30.57 would signal lower.  Oversold levels are 26.89.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN24

Weekly – Remains in the December 2023 uptrend. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. Took profits at the 4.69 level, looking for a new long entry.  Trade pressures were down and have moved up to the neutral zone.  Volumes are bearish.

The next target up is 4.78. Look for a pull back to 4.60 to re-enter The expected overbought levels have risen to 4.75.

A close below 4.61 would signal lower.  The expected oversold levels have risen to 4.45.

 

GOLD_ GCM24

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

Daily – Long. In new the move up from the long entry at 2331 on 5/9 .  Trade pressures are up.  Volumes are bullish.

The next target up is the prior high pivot at 2385. The expected overbought level has risen to 2386.

A close below 2350 would signal lower. The expected oversold level has declined to 2299.

[Set the SL at the Friday low, 2352.]

 

SILVER_ SIN24

Weekly – In the December 2023 uptrend.  Trade pressures are remain down into the neutral zone.  Volumes have turned bullish.

Daily –Flat. The 27.01 long entry on 5/5 was rewarded with the move up to 27.32.  Trade pressures are up.  Volumes are bullish.

Now at the 28.87 upside resistance. The next target up is 29.46.  Overbought levels are 28.55.

A close below 28.07 would signal lower.  Oversold levels are 27.64.

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGN24

Weekly – Remains in the December 2023 uptrend. Trade pressures remain up. Volumes remain bullish.

Daily – Long. In the move up from the 4.54 level on 5/3.  Trade pressures remain up.  Volumes are bullish.

The next target up is 4.67.  The expected overbought levels are 4.69.

A close below 4.46 would signal lower.  The expected oversold levels are 4.36.

[5/6/24: Raise SL to 4.58. Set a profit stop at 4.69: OCO]

[5/7/24: Stopped out for a gain.]

 

GOLD_ GCM24

Weekly – In the December 2023 uptrend.  Trade pressures are up, but turning down.  Volumes remain bearish.

Daily – Flat. In the move down from the 2405 short entry on 4/12.  Trade pressures are down.  Volumes is bearish.

Touched 2274. The next target down is 2244. The expected oversold level is 2276.

A close above 2323 would signal higher. The expected overbought level is 2390.

 

SILVER_ SIN24

Weekly – In the December 2023 uptrend.  Trade pressures are now down into the neutral zone.  Volumes remain bearish.

Daily –Flat. The short entry at 29.09 on 4/16 was rewarded with the move down to 26.53.  Trade pressures are down.  Volumes remain bearish.

The next target down remains 25.82.  Oversold levels are 24.81.

A close above 27.02 would signal higher.  Overbought levels are 27.44.

[5/5/24: Long at 27.01 Sunday nite. SL at 27.02.]

[5/7/24: Raise SL to 27.32.]

[5-8-24: Stopped out at 27.32 for a 30 cent gain.]

#copperfutures #goldfutures #silverfutures

COPPER_ HGN24

Weekly – Remains in the December 2023 uptrend. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. Remains in the move up from the 4.10 level on 4/3.  Trade pressures remain up.  Volumes are bullish.

The next target up is 4.78.  The expected overbought levels are 4.61.

A close below 4.46 would signal lower.  The expected oversold levels are 4.28.

 

GOLD_ GCM24

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

Daily – Flat. In the move down from the 2405 short entry on 4/12.  Trade pressures are up.  Volumes closed neutral.

The next target down is 2274. The expected oversold level is 2305.

A close above 2360 would signal higher. The expected overbought level is 2435.

 

SILVER_ SIN24

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

Daily –Flat. The move to a spike above the 28.23 target failed with a short entry at 29.09 on 4/16.  Trade pressures are down but rising.  Volumes are bearish.

The next target down is 25.82.  Oversold levels are 26.78.

A close above 27.75 would signal higher.  Overbought levels are 28.35.