#copperfutures #goldfutures #silverfutures

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.]

#copperfutures #goldfutures #silverfutures

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.

#copperfutures #goldfutures #silverfutures

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.

 

#copperfutures #goldfutures #silverfutures

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.]

#copperfutures #goldfutures #silverfutures

COPPER_ HGH24

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

Daily – Flat. now in a downward channel.  Trade pressures are down.  Volumes remain bearish.

The next target down is 3.64.  The expected oversold levels are 3.68.

A close above 3.73 would signal higher. The expected overbought levels are 3.90.

 

GOLD_ GCJ24

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

Daily – Flat. Out of the downward channel and backtesting the breakout.  Trade pressures are down.  Volumes remain bearish.

the next target up is 2079. The expected overbought level is 2082.

A failure at below 2029 would signal lower.  The expected oversold level is 2014.

US dollar remains in an uptrend but facing resistance.

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

 

SILVER_ SIH24

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

Daily – Flat. has traded above the Dec trend line and is now back testing.  Trade pressures are down.  Volumes are now bearish.

The next target up is the 23.71 long entry.  Overbought levels are 26.34.

A close below the LML at 22.32 would resume the downtrend.  Oversold levels are 21.62.

#copperfutures #goldfutures #silverfutures

COPPER_ HGH24

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

Daily – Flat. Pulls back to the 3.81 long entry on 1/24.  Trade pressures are down.  Volumes are now bearish.

The next target down is 3.78 3.64.  The expected oversold levels are 3.72.

A close above 3.82 3.77 would signal higher. The expected overbought levels are 3.92.

 

GOLD_ GCJ24

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

Daily – Flat. In the move down from 2085 resistance.  Trade pressures are down.  Volumes remain bearish.

Backtesting the breakout of the downward channel. Need a reversal above 2060 to enter long. The expected overbought level is 2086.

A failure at below 2038 would signal lower.  The expected oversold level is 2013.

US dollar remains in an uptrend.

 

SILVER_ SIH24

Weekly – In the December uptrend but at support.  Trade pressures are rising toward the neutral zone.  Volumes remain bearish.

Daily – Flat. has traded above the Dec trend line and is now back testing.  Trade pressures are down.  Volumes are now bearish.

The next target up is the 23.32 long entry.  Overbought levels remain 25.98.

A close below the LML at 22.51 would resume the downtrend.  Oversold levels are 21.62.

#copperfutures #goldfutures #silverfutures

COPPER_ HGH24

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

Daily – Long. In the move up from the 3.81 long entry on 1/24.  Trade pressures are up.  Volumes are now neutral.

The next target up is 3.92.  The expected overbought levels are 3.94.

A close below 3.82 would signal lower. The expected oversold levels are 3.70.

Set the SL at 3.82.

[1-30-24: Raise the SL to 3.85.]

[1-31-24: stopped out with FED comments at 3.85.]

 

GOLD_ GCJ24

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

Daily – Flat. In the move down from 2085 selling.  Trade pressures are down.  Volumes remain bearish.

in the downward channel. Need a move above 2056 to clear the channel. The expected overbought level is 2056, so not a likely long entry.

A failure at the 2032 200 day MA would signal lower.  The expected oversold level is 2000.

US dollar is in an uptrend.

 

SILVER_ SIH24

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

Daily – Flat. has traded above the Dec trend line.  Trade pressures are up.  Volumes are now bullish.

The next target up is 23.32.  Overbought levels are 25.98.

A close below the trendline at 22.74 would resume the downtrend.  Oversold levels are 21.62.

#copperfutures #goldfutures #silverfutures

COPPER_ HGH24

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

Daily – Flat. In the move up from the 3.72 Lower median line.  Trade pressures are rising into the neutral zone.  Volumes are now bullish.

The next target up is 3.81.  The expected overbought levels are 3.84.

A close below 3.73 and lower median line would signal lower. The expected oversold levels are 3.69.

 

GOLD_ GCG24

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

Daily – Flat. The retracement down to 2015 initiated a rally which failed.  Trade pressures are up.  Volumes are now bearish.

in the downward channel. Need a move above 2048 to clear the channel. The expected overbought level is 2077.

A failure at the 2048 channel resistance would signal lower.  The expected oversold level is 2006.

US dollar is in a rally.

 

SILVER_ SIH24

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

Daily – Flat. Turned down at the back-test of the Oct trendline.  Trade pressures are down.  Volumes are now bearish.

The nest target down is 22.29.  Oversold levels remain at 21.61.

A close above 23.11 would signal higher  Overbought levels are 24.57.

#copperfutures #goldfutures #silverfutures

COPPER_ HGH24

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

Daily – Short. In the move down from the 3.83 level.  Trade pressures are down.  Volumes remain bearish.

The next target down is 3.70.  The expected oversold levels are 3.71.

A close above 3.83 and the confluent  200 day MA would signal higher. The expected overbought levels are 3.91.

[1-12-24: Lower SL to 3.79. Set profit stop at 3.71]

[1-15-24: Stopped out at 3.79.]

 

GOLD_ GCG24

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

Daily – Flat. The retracement down to 2015 initiated a rally.  Trade pressures are up sharply into the bullish. Volumes turned bullish.

Missed this 2017 long trade. The next target up is 2084. The expected overbought level is 2084.

a close below 2034 would signal lower.  The expected oversold level is 2010.

Watch the US dollar for a rally, which could take gold down below the 200 day (2015).

 

SILVER_ SIH24

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

Daily – Flat. in a new retracement up within the down move..  Trade pressures are up.  Volumes are now bullish.

At the 23.46 test of resistance at the October trend line. The nest target down is 22.26.  Oversold levels remain at 21.62.

A close above 23.79 would signal higher  Overbought levels are 24.63.

#copperfutures #goldfutures #silverfutures

COPPER_ HGH24

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

Daily – Short. In the move down from the 3.83 level, and at 3.80 support.  Trade pressures are down.  Volumes are bearish.

The next target down is 3.71.  The expected oversold levels are 3.82.

A close above 3.86 and the confluent  200 day MA would signal higher. The expected overbought levels are 3.94.

Use 3.86 as the SL.

[1-9-24: Lower SL to BE ,3.83.]

[1-12-24: Lower SL to 3.79. Set profit stop at 3.71]

 

GOLD_ GCG24

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

Daily – Flat. In the move up from 2060 on 12/22.  The retracement down has taken price below the long entry.  Trade pressures are down into the neutral zone. Volumes remain neutral.

Reached the upside target of 2097. The next target up is 2065. The expected overbought level is 2100.

The lower channel bound and the 200 day MA meet at 2014 in mid January.  The expected oversold level is 2036.  Look for a new long entry between 2014 and 2036.

Watch the US dollar for a rally, which could take gold down below the 200 day.

[1-9-24: Looking for Long around 2015.]

 

SILVER_ SIH24

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

Daily – Flat. The selloff continues.  Trade pressures are down.  Volumes are bearish.

At the 23.26 target. The nest target down is 22.25.  Oversold levels remain at 21.62.

A close above 23.81 would signal higher  Overbought levels are 24.21.