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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.

 

 

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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.]

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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.

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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.

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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.

 

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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.]

 

 

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COPPER_ HGK24

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

Daily – Flat. Reached the 3.92 target. Now in a pullback to the 3.86 level.  Trade pressures are up.  Volumes are bearish.

The next target down is 3.84.  The expected oversold levels are 3.84.

A close above 3.90 would signal higher. The expected overbought levels are 3.99.

 

GOLD_ GCJ24

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

Daily – Flat. The break out of the top band of the channel at 2053 has carried price to 2200.  Trade pressures are up.  Volumes remain bullish.

Thru the next target up at 2073. The expected overbought level is 2253.

A close below 2159 would signal lower.  The expected oversold level is 2103.

 

SILVER_ SIH24

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

Daily – Long. The break above the down trend line for a new long entry at 23.24 has now reached the 24.75 target.  Trade pressures are up.  Volumes remain bullish.

The next target up is 25.35.  Overbought levels are 26.46.

A close below 24.38 would signal lower.  Use 24.38 as the SL.  Oversold levels remain 21.82.

[3-12-24: Stopped out for a gain at 24.38.]

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COPPER_ HGK24

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

Daily – Flat. in a new short term uptrend. new long entry at 3.86.  Trade pressures are down but rising into the neutral zone.  Volumes are bullish.

The next target up is 3.92.  The expected overbought levels are 3.95.

A close below 3.83 would signal lower. The expected oversold levels have risen to 3.75.

 

GOLD_ GCJ24

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

Daily – Flat. Breaks out of the top band of the channel at 2053.  Trade pressures are up.  Volumes are bullish.

Thru the next target up at 2073. The expected overbought level is 2057.

A close below 2042 would signal lower.  The expected oversold level is 2005.

 

SILVER_ SIH24

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

Daily – Long. A two day rally break above the down trend line for a new long entry at 23.24.  Trade pressures are up.  Volumes are now bullish.

The next target up is 24.75.  Overbought levels are 26.25.

A close below the LML at 22.78 would resume the downtrend.  Use 22.78 as the SL.  Oversold levels remain 21.62.

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COPPER_ HGH24

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

Daily – Flat. The 3.88 profit stops was met.  Trade pressures are up but turning down.  Volumes remain bullish.

The next target up is 3.91.  The expected overbought levels are 3.95.

A close below 3.83 would signal lower. The expected oversold levels are 3.68.

 

GOLD_ GCJ24

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

Daily – Flat. Now at the top band of the channel.  Trade pressures are up but lower highs.  Volumes are bullish.

The next target up is still 2073. The expected overbought level is 2052 (lower high).

A close below 2037 would signal lower.  The expected oversold level is 1995.

 

SILVER_ SIH24

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

Daily – Flat. The break above the Dec trend line failed and is now backtesting the breakout.  Trade pressures are down.  Volumes are now neutral.

The next target up is a 22.97 long entry.  Overbought levels are 26.25.

A close below the LML at 22.42 would resume the downtrend.  Oversold levels remain 21.62.

 

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COPPER_ HGH24

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

Daily – Long. In the move up from 3.73 on 2/15.  Trade pressures are up.  Volumes are bullish.

The next target up is 3.86.  The expected overbought levels are 3.81.

A close below 3.78 would signal higher. The expected oversold levels are 3.64.

Use 3.78 as the SL.

[2-20-24: Set the profit stop at 3.88.] [2-21-24: Stopped out for a gain.]

 

GOLD_ GCJ24

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

Daily – Flat. back in and down at the bottom band of the channel.  Trade pressures are down but rising.  Volumes are now neutral.

The next target up is 2073. The expected overbought level is 2063.

Lower. The next target down is 1952.  The expected oversold level is 1992.

[2-13-24: Inflation surprises to the upside. 10yr yields up, Dollar up, Gold down.]

US dollar consolidating.

 

SILVER_ SIH24

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

Daily – Long. Breaks above the Dec trend line and is now in the move up from 23.25 on 2/16.  Trade pressures are up.  Volumes are now bullish.

The next target up is the 24.54 long entry.  Overbought levels are 26.25.

A close below the LML at 22.30 would resume the downtrend.  Oversold levels remain 21.62.

Use 22.79 as the SL.

[2-21-24: Stopped out at the SL for a loss.]