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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.

 

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGK24

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

Daily – Flat. The long trade profit stop above the OB levels was triggered at 4.30.  Trade pressures remain up.  Volumes are bearish.

The next target up is 4.33.  The expected overbought levels are 4.41.

A close below 4.23 would signal lower.  The expected oversold levels are 4.02.

 

GOLD_ GCM24

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

Daily – Flat. The move up from the 2095 long entry on 3/1 spiked to a 2448 high and pulled back below the 2409 short entry.  Trade pressures are up but declining.  Volumes closed bearish.

The next target down is 2280. The expected oversold level is 2229.

A close above 2418 would signal higher. BUT:  The expected overbought level is 2391.

 

SILVER_ SIK24

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

Daily –Long. The break out at 25.10 on 4-1-24 has carried the move to a spike above the 28.23 target.  Trade pressures up but declining.  Volumes are now bearish.

The next target up is 30.57 and is well above the OB level.  Overbought levels are 28.87.

A close below 27.72 would signal lower.  Oversold levels are 26.04.

[4-14-24: Take profits at 28.87. Set the SL at 27.20.]

[4-15-24: Profit stop triggered at 28.87. Flat.]

#copperfutures #goldfutures #silverfutures

COPPER_ HGK24

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

Daily – Long, from the 3/31 entry at 4.05.  Trade pressures are up.  Volumes are bullish.

The next target up is 4.30.  The expected overbought levels are 4.26.

A close below 4.17 would signal lower.  The expected oversold levels are 4.00.

[3-31-24: Long entry. Closed above 4.05. Set stop at 3.99.]

[4-6-24: Raise SL to 4.17. Take profits at 4.30. ]

 

GOLD_ GCM24

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

Daily – Flat. In the move up from the 2095 long entry on 3/1.  Trade pressures are up.  Volumes are bullish.

The next target up is 2326. The expected overbought level is 2346.

A close below 2310 would signal lower.  The expected oversold level is 2185.

 

SILVER_ SIK24

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

Daily –Long. big break out at 25.10 on 4-1-24.  Trade pressures up.  Volumes remain bullish.

The next target up is 28.23 and is above the OB level ->.  Overbought levels are 26.46.

A close below 26.39 would signal lower.  Oversold levels are 25.37.

#copperfutures #goldfutures #silverfutures

COPPER_ HGK24

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

Daily – Flat. A short signal at 4.08 takes price down to 3.96. Consolidation seems likely.  Trade pressures are down but turning up.  Volumes remain bearish.

Touched the 3.96 target. The next target down is 3.84.  The expected oversold levels are 3.95.

Still need a close above the 4.05 level to re-start a move up.  The expected overbought levels are 4.16.

 

GOLD_ GCJ24

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

Daily – Flat. A false rally on 3/26 kept the market offsides and not ready for the 3/27 move up 2254.  Trade pressures are up.  Volumes returns to bullish.

The next target up is 2273. The expected overbought level is 2282.

A close below 2200 would signal lower.  The expected oversold level is 2160.

 

SILVER_ SIK24

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

Daily – Flat. In consolidation at the short entry  24.78.  Trade pressures are down but rising into the neutral zone.  Volumes are now bullish.

The next target down is this short entry at 24.88.  Oversold levels are 24.38.

A close above 25.09 would signal higher, but need to break above the resistance line at 25.72 to confirm.    Overbought levels are 25.81.

#copperfutures #goldfutures #silverfutures

COPPER_ HGK24

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

Daily – Flat. Reached the 4.16 target and now retracement down.   Trade pressures are down.  Volumes are bearish.

The next target down is 3.96.  The expected oversold levels are 3.94.

Need a close above the 4.05 level to re-start a move up..  The expected overbought levels are 4.21.

 

GOLD_ GCJ24

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

Daily – Flat. The move up spiked to 2225 and then turned down hard thru the short entry of 2181.  Trade pressures are up but declining.  Volumes remain neutral.

The next target down 2137. The expected oversold level is 2141.

A close above 2186 would signal higher.  The expected overbought level is 2199.

 

SILVER_ SIK24

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

Daily – Flat. As with gold, the spike up to 25.97 was met with selling at the resistance line.  Trade pressures are down.  Volumes are bearish.

The next target down is the short entry at 24.88.  Oversold levels are 24.08.

A close above 25.27 would signal higher, but need to break above the resistance line at 25.97.    Overbought levels are 26.47.

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGK24

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

Daily – Long from the 3.92 breakout on 3/12. Reached the 4.08 target and kept moving up.  Trade pressures are up.  Volumes are bullish.

The next target up is 4.33.  The expected overbought levels are 4.08.

Set the SL at 4.08. The next target down is 4.05.  The expected oversold levels are 3.88.

[3-19-24: stopped out for a gain.]

 

GOLD_ GCJ24

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

Daily – Flat. The break out of the top band of the channel at 2053 on 3/1 has carried price to 2203.  Trade pressures are up but declining.  Volumes are neutral.

The next target up is 2220. The expected overbought level is 2206.

A close below 2159 would signal lower to the 2109 support.  The expected oversold level is 2116.

 

SILVER_ SIK24

Weekly – In the December uptrend, near support.  Trade pressures are down but rising into the neutral zone.  Volumes remain neutral.

Daily – Long. The back test of the UML at 24.38 results in another move up from 24.45 on 3/13.  Trade pressures remain up.  Volumes remain bullish.

The next target up is 25.80.  Overbought levels remain 26.46.

A close below 24.365 would signal lower.  Use 24.65 as the SL.  Oversold levels are 24.08.

[3-20-24: Raise SL to 24.78.]

[3-22-24: stopped out for a gain.]