#copperfutures #goldfutures #silverfutures

COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are down. Volumes are now neutral.

Daily – Flat. In the move up from the 3.74 trigger on 8-22.  Trade pressures are up. Volumes are now bearish.

Still waiting for a pull back to 3.73.The expected overbought levels remain 3.90.

a breakdown below 3.82 would signal lower. Oversold levels are now 3.68. The next target down would be 3.78.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures are up into the neutral zone. Volumes remain bearish.

Daily – Flat. up against the 200 day MA at 1980. Trade pressures are up. But volumes are bearish.

The next target down is 1927. The expected oversold levels are at higher lows at 1928.

This pullback to 1927 might be a good time to enter a new long trade. The expected overbought levels are 1974.

 

SILVER_ SIU23

Weekly – In the April 2023 uptrend. Trade pressures are now up. Volumes are now nwutral.

Daily – Flat. In the move up from the close above the 22.83 signal. Trade pressures are up. Volumes are bullish.

At 25.31 median line resistance. The next target up is 25.76.  Overbought levels are 26.70.

A close below 23.54 would signal lower. Oversold levels are expected at 21.27.

#copperfutures #goldfutures #silverfutures

COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. The move down from 3.81 was stopped out at the cross above 3.75 on 8/22..  Trade pressures are down into the neutral zone. Volumes are bullish.

At the entry for the net move up at 3.74, but waiting for a pullback.  A pull back to 3.67 and then close above 3.74 would signal higher. The expected overbought levels remain 3.83.

a breakdown below 3.67 would signal lower. Oversold levels are now 3.62. The next target down is 3.61.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures are down. Volumes are bearish.

Daily – Flat. The 1981 short signal on 8/2 was stopped out at the move above the 1927 level on 8/22. Trade pressures are up. But volumes are now bearish.

The next target down is 1903. The expected oversold levels are at higher lows at 1901.

Need a pullback to 1927 to enter a new long trade. The expected overbought levels are 1965.

 

SILVER_ SIU23

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

Daily – Flat. In the move up from the close above the 22.83 signal. Trade pressures are up. Volumes are bullish.

At 24.20 resistance. The next target up is 25.41.  Overbought levels are 26.35.

A close below 23.67 would signal lower. Oversold levels are expected at 20.63.

#copperfutures #goldfutures #silverfutures

COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are down. Volumes remain bearish.

Daily – Short. In the move down from 3.81.  Trade pressures are down but turning up. Volumes remain bearish.

The 3.61 target.  Oversold levels are now 3.60. The next target down is 3.51.

A close above 3.75 would signal higher. The expected overbought levels are now 3.83.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures are down. Volumes are bearish.

Daily – Short. In the move down from the 1981 short signal on 8/2. Trade pressures are down. Volumes are bearish.

Thru the 1927 target. The next target down is 1903. The expected oversold levels are lower lows at 1891.

A close above 1927 would signal a trend change. The expected overbought levels are 1977.

 

SILVER_ SIU23

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

Daily – Short. In the move down from the 24.39 level on 8/2. Trade pressures are down. Volumes remain bearish.

The next target down is 22.32 at the trendline support.  Oversold levels are 20.65.

A close above 22.83 would signal higher. Overbought levels are expected at 23.39.

#copperfutures #goldfutures #silverfutures

COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are now down. Volumes are bearish.

Daily – Short. In the move down from 3.81.  Trade pressures are down but turning up. Volumes remain bearish.

The next target down is 3.61.  Oversold levels are now 3.66.

A close above 3.75 would signal higher. The expected overbought levels are now 3.90.

 

GOLD_ GCZ23

Weekly – In the December 2022 uptrend. Still testing the support levels. Trade pressures are back down into the neutral zone. Volumes remain neutral.

Daily – Short. In the move down from the 1981 short signal on 8/2. Trade pressures are down. Volumes are bearish.

The next target down is still 1927. The expected oversold levels are lower lows at 1915.

Look for support around 1927 and failing that then 1903. A close above 1952 would signal a trend change. The expected overbought levels are 2003.

 

SILVER_ SIU23

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

Daily – Short. In the move down from the 24.39 level on 8/2. Trade pressures are down. Volumes remain bearish.

The next target down is 22.19 at the trendline support.  Oversold levels are 21.17.

A close above 22.84 would signal higher. Overbought levels are expected at 23.71..

#copperfutures #goldfutures #silverfutures

COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures remain up. Volumes are bearish.

Daily – Long. Stopped out at 3.90 for a small gain.  Trade pressures are down but turning up. Volumes are bearish.

The next target down is 3.61.  Oversold levels are now 3.70.

A close above 3.91 would signal higher. The expected overbought levels are now 3.3.96.

 

GOLD_ GCZ23

Weekly – In the December 2022 uptrend. Still testing the support levels. Trade pressures are back down into the neutral zone. Volumes remain neutral.

Daily – Short. In the move down from the 1981 short signal on 8/2. Trade pressures are now down. Volumes are now bearish.

The next target down is 1927. The expected oversold levels are lower lows at 1928.

Look for a new long at support around 1927. The next target up is 1999. The expected overbought levels are 2012.

 

 

SILVER_ SIU23

Weekly – In the April 2023 uptrend. Trade pressures are down. Volumes are neutral.

Daily – short in the move down from the 24.39 level on 8/2. Trade pressures are down. Volumes are bearish.

The next target down 22.81.  Oversold levels are 22.28.

A close above 23.83 would signal higher. Overbought levels are expected at 24.44.

#copperfutures #goldfutures #silverfutures

COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are up. Volumes remain bullish.

Daily – Long. In the move up from the 3.84 long entry on 7/13.  Trade pressures are up. Volumes are bullish.

The next target up is 4.17.  Overbought levels are now 3.95.

A close below 3.80 would signal lower. The expected oversold levels are now 3.75.

[Use the 3.90 as SL.]

[8-1-23: Stopped out in the evening session (Central Time USA)]

 

GOLD_ GCZ23

Weekly – In the December 2022 uptrend. Testing the support levels. Trade pressures are now up. Volumes are now neutral.

Daily – Flat. Now in the December contract. The long signal is now from the 2004 level on 7/26. Trade pressures are now down. Volumes are now neutral.

Pulled back from the breakout to 1984. Look for a new long at support around 1958. The next target up is the nearby 2068. The next overbought levels are 1997.

The next target down is 1966. The expected oversold levels are lower lows at 1942.

 

SILVER_ SIU23

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

Daily – Flat, The move continues after the break out above 22.98 on 7/7, but showing lower highs. Trade pressures are down. Volumes are neutral.

The next target up is 25.47.  Overbought levels are 25.35. In a pullback to support around 23.88.

A close below 23.88 would signal lower. Oversold levels are expected at 23.92.

#copperfutures #goldfutures #silverfutures

COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Long. In the move up from the 3.84 long entry on 7/13.  Trade pressures are up. Volumes are bullish.

The next target up is 4.11. Overbought levels are now 3.96.

A new close below 3.77 would signal lower. The expected oversold levels are now 3.66.

 

GOLD_ GCQ23

Weekly – In the December 2022 uptrend. Testing the support levels. Trade pressures are now up. Volumes are now neutral.

Daily – Long. The signal is now long from the 1965 level on 7/18. Trade pressures are now down. Volumes remain bullish.

now in a pullback for the breakout. Look for a new long at support around 1945. The next target up is the nearby 1965. The next overbought levels are 1991.

The next target down is 1934. The expected oversold levels are 1919.

 

SILVER_ SIU23

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

Daily – Long, The move continues after the break out above 22.98 on 7/7. Trade pressures are up. Volumes are bullish.

The next target up is 26.14.  Overbought levels are 26.00.

In a pullback to support around 24.37. A close below 24.29 would signal lower. Oversold levels are expected at 24.05.

#copperfutures #goldfutures #silverfutures

COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are now up. Volumes are bullish.

Daily – Long. New long trade at the 3.76 on 7/7 was stopped out at BE.  Trade pressures are up. Volumes are bullish.

The next target up is 4.11. Overbought levels are now 3.96.

A new close below 3.91 would signal lower. The expected oversold levels are now 3.66.

 

GOLD_ GCQ23

Weekly – In the December 2022 uptrend. Testing the support levels. Trade pressures remain down. Volumes remain bearish.

Daily – Flat. at resistance and still trending down. Trade pressures are up. Volumes remain bullish.

Need a breakout above resistance. The next target up is the nearby 1965. The next overbought levels are 1968.

The next target down is 1951. The expected oversold levels are 1910.

 

SILVER_ SIU23

Weekly – In the April 2023 uptrend and moving off support. Trade pressures are now up. Volumes are bullish.

Daily – Long, The move continues after the break out above 22.98 on 7/7. Trade pressures are up. Volumes are bullish.

Took profit at 24.20 and missed the second leg up. The next target up is 25.47.  Overbought levels are 26.78.

A close below 24.85 would signal lower. Oversold levels are expected at 23.78.

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are now neutral. Volumes remain neutral.

Daily – Long. New long trade at the 3.76 on 7/7.  Trade pressures are neutral and turning up. Volumes are bullish.

The next target up is 3.80. Overbought levels are now 3.90.

A new close below 3.74 would signal lower. The expected oversold levels are now 3.60. SL at 3.74.

[7-10-23: Raise SL to BE at 3.76.]

[7-11-23: Stopped out at BE.]

 

GOLD_ GCQ23

Weekly – In the December 2022 uptrend. Testing the support levels. Trade pressures remain down. Volumes remain bearish.

Daily – Flat. Still trending down. Trade pressures are neutral. Volumes are are now bullish.

The next target up is 1965. The next overbought levels are 1969.

The next target down is 1921. The expected oversold levels are 1911.

 

SILVER_ SIU23

Weekly – In the April 2023 uptrend but testing support. Trade pressures are now down. Volumes remain bearish.

Daily – Long, in a short term break out above 22.98 on 7/7. Trade pressures are now up into the neutral zone. Volumes are Neutral.

The next target up is 23.90.  Overbought levels are 23.86.

A close below 23.00 would signal lower. Oversold levels are expected at 21.69.

SL at 23.00.

[7-12-23: Take Profit at 24.20.]

#copperfutures #goldfutures #silverfutures

COPPER_ HGu23

Weekly – In the May 2023 downtrend. Trade pressures are now down. Volumes are neutral.

Daily – Flat. The previous long entry was at 3.82 on 6/20. Stopped out 6/23 at BE; Still looking for a new long entry. Trade pressures are down but turning up. Volumes are neutral.

The next target up is still 4.09. Overbought levels are now 3.95.

A new close below 3.66 would signal lower. The expected oversold levels are now 3.68.

 

GOLD_ GCQ23

Weekly – In the November 2022 uptrend. Testing the support levels. Trade pressures are now down. Volumes remain bearish.

Daily – Flat. The short at 1930, and was stopped out on 6/28. Trade pressures are down. Volumes are are now neutral.

The next target up is 1965. The next overbought levels are 1985.

The next target down is 1901. The expected oversold levels are 1899.

 

SILVER_ SIU23

Weekly – In the April 2023 uptrend but testing support. Trade pressures are now down. Volumes remain bearish.

Daily – Flat. In the second leg down from the 23.50 short entry on 6/20. Trade pressures are now down. Volumes are bearish.

The next target down is 21.60.  Oversold levels are 21.19.

A close above 23.02 would signal higher. Overbought levels are expected at 23.31.