#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.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN23

Weekly – Now in a new May 2023 downtrend. Trade pressures are now up. Volumes are bullish.

Daily – Long. The new long entry was at 3.82 on 6/20. Stopped out 6/23 at BE; looking for a new long entry. Trade pressures are now down. Volumes are bearish.

The next target up is still 4.09. Overbought levels are now 3.87.

A new close below 3.72 would signal lower. The expected oversold levels are now 3.60.

 

GOLD_ GCQ23

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

Daily – Long. Reversed the short at 1930, the oversold levels on 6/23. Trade pressures are down. Volumes are are now bearish.

The next target up is 1946. The next overbought levels are 1996.

The next target down is 1905; well below the expected oversold levels at 1933.

 

SILVER_ SIN23

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 21.56.  Oversold levels are 21.19.

A close above 22.59 would signal higher. Overbought levels are expected at 23.31.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN23

Weekly – Now in a new May 2023 downtrend. Trade pressures are now up. Volumes are bare now bullish.

Daily – Long. Now above the the 200 day MA and the the new long entry at 3.82 on 6/20. Trade pressures are up. Volumes are neutral.

The next target up is 4.09. Overbought levels are now 3.93.

A new close below 3.82 would signal lower. The expected oversold levels are now 3.65.

[6-23-23: Stopped out at the BE of 3.82.]

 

GOLD_ GCQ23

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

Daily – Short. down hard after the long weekend. Trade pressures are down into the neutral zone. Volumes are are now neutral.

The next target down is 1923; well below the expected oversold levels at 1953.

A close above upside resistance at 1965 signals higher. The next overbought levels are 1995.

[Reverse at the 1930 long entry. SL at 1919.]

 

SILVER_ SIN23

Weekly – In the April 2023 uptrend but testing support. Trade pressures are in the neutral zone. Volumes remain bearish.

Daily – Flat. stopped out of the 24.26 long trade. Trade pressures are now down. Volumes are bullish.

The next target down is 22.94.  Oversold levels are 22.81.

A close above 23.89 would signal higher. Overbought levels are expected at 24.54.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN23

Weekly – Now in a new May 2023 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat, Still testing the 200 day MA as resistance. Trade pressures are up. Volumes are now bullish.

At the overbought level. Overbought levels are now 3.84.

A new close below 3.75 would signal lower. The expected oversold levels are now 3.56.

 

GOLD_ GCQ23

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

Daily – Flat. Interest rates rising stalling any move in gold. Trade pressures are up. Volumes are are now neutral.

The next target down is still 1964 and the expected oversold levels are 1940.

A close above upside resistance at 1978 signals higher. The next overbought levels are 2013.

 

SILVER_ SIN23

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

Daily – Long. the close above 24.26 has triggered the new long trade. Trade pressures are up. Volumes are now bullish.

The next target up is 25.93 with resistance at 25.22. Overbought levels are at 26.67.

A close below 24.21 would signal lower. Use 24.21 as the SL. Oversold levels are expected at 23.32.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN23

Weekly – Now in a new May 2023 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Basing. Testing the 200 day MA as resistance. Trade pressures are up. Volumes are now bearish.

touched the overbought level and sold off. Overbought levels are now 3.79.

A new close below 3.69 would signal lower. The expected oversold levels are now 3.52.

 

GOLD_ GCQ23

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

Daily – Flat. Touched the 1939 oversold levels and bounced. Trade pressures are up but turned down. Volumes are bearish.

The next target down is still 1939 and the expected oversold levels are now 1940.

A close above upside resistance at 1984 signals higher. The next overbought levels are 2020.

 

SILVER_ SIN23

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

Daily – Flat. Still retracing the down-move. Trade pressures are up. Volumes are now bullish.

Rallying from the lower median line support at 22.78. Oversold levels are at 22.80.

A close above 24.39 would signal higher. Overbought levels are expected at 24.06.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN23

Weekly – Now in a new May 2023 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. The drop to 3.54 returned to the consolidation area of 3.66. Trade pressures are rising into the neutral zone. Volumes are now bullish.

In the move up from the 3.60 crossover to uptrend in the lower time frames. Overbought levels are  3.77 .

A new close below 3.62 would signal lower. The expected oversold levels are now 3.51.

 

GOLD_ GCQ23

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

Daily – Flat. Stopped out of the move down from the 2062 (August), the 5/5 short entry. Trade pressures are down. Volumes remain bearish.

The next target down is 1939 and the expected oversold levels are 1939.

A close above upside resistance at 1977 signals higher. The next overbought levels are 2031.

 

SILVER_ SIN23

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

Daily – Flat. In the move up from the 2hr 23.13 breakout. Trade pressures are down but rising. Volumes are now bullish.

Dropped to the lower median line support at 22.78. Oversold levels are at 22.74.

A close above 24.26 would signal higher and confirm the 23.13 break. Overbought levels are expected at 24.12.

#copperfutures #goldfutures #silverfutures

COPPER_ HGN23

Weekly – In the November 2022 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Consolidating at the 3.66 target.. Trade pressures are down but rising. Volumes are bearish.

A the 3.66 target down. Oversold levels are 3.59. Still looking for a move higher at these oversold levels.

A new close above 3.75 would signal higher. The expected oversold levels are now 3.87.

 

GOLD_ GCM23

Weekly – In the December 2022 uptrend. Trade pressures are now down. Volumes remain bearish.

Daily – Short. in the move down from the 2044, the 5/5 short entry. Trade pressures are down. Volumes remain bearish.

The next target down is 1921 and the expected oversold levels are 1953.

A close above upside resistance at 1972 signals higher. The next overbought levels are 2069.

Look for a pull back on Monday to buy. SL will be the Friday lows at 1954.

 

SILVER_ SIN23

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

Daily – Flat. In the move down for the 25.20 level on 5/11. Trade pressures are down but rising. Volumes are now neutral.

At the 23.37 target down. Oversold levels are at 23.61.

A close above 24.96 would signal higher. Overbought levels are expected at 25.49.

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGN23

Weekly – In the November 2022 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Breaks down below the consolidation level. Trade pressures are down. Volumes are bearish.

A the 3.66 target down. Oversold levels are 3.70. Looking for a move higher at these oversold levels.

Now a close above 3.75 would signal higher. The expected oversold levels are now 3.92.

 

GOLD_ GCM23

Weekly – In the December 2022 uptrend. Trade pressures are up and still rolling over. Volumes remain bearish.

Daily – Short. in the move down from the 2044, the 5/5 short entry. Trade pressures are down. Volumes remain bearish.

The next target down is 1983 and the expected oversold levels are 1994.

A close above 2028 is now upside resistance. The next overbought levels are 2046.

Set the SL at 2028.

[5-16-23: Close the short at 2007.50. looking for a move up.]

 

SILVER_ SIN23

Weekly – In the April 2023 uptrend. Trade pressures are up but have turned down into the neutral zone.. Volumes are now bearish.

Daily – Short. A lower high presaged a move lower which came on Thursday 5/11 with a selloff from the 25.20 short signal.  Trade pressures are down and trending. Volumes are bearish.

At the 23.96 target down. Oversold levels are at 23.49.

A close above 25.36 would signal higher. Overbought levels are expected at 26.99.

Set the SL at 24.80.

[5-16-23: Close the short at 24.02.]

#copperfutures #goldfutures #silverfutures

COPPER_ HGN23

Weekly – In the November 2022 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Still consolidating at the 3.86 downside target. Trade pressures are up. Volumes are now bearish.

The next target down is still 3.56. Oversold levels are 3.79.

The close above 3.88 signal higher is still in effect, but waiting for better trade lower time frame setup; looking for a bullish reversal on the 2-hr chart. Now below the expected oversold levels of 3.96.

 

GOLD_ GCM23

Weekly – In the December 2022 uptrend. Trade pressures are up and still rolling over. Volumes are now bearish.

Daily – Flat. Rallied above the 2005 long entry to a high of 2085 and then turned down on Friday to close below 2044, the new short entry. Trade pressures are now down. Volumes are bearish.

The next target down is 1983 and the expected oversold levels are 1999.

A close above 2078 is upside resistance. The next overbought levels are 2063.

 

SILVER_ SIN23

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

Daily – Flat. Traded above the 26.03 resistance levels.  Trade pressures are down but rising. Volumes remain bullish.

The next target down is 23.96. Oversold levels are at 24.85.

A close above 25.09 would signal higher. The overbought levels remain at 26.28.