#copperfutures #goldfutures #silverfutures

COPPER_ HGH24

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

Daily – Flat. In the move up from 3.81, but now pulling back from the 3.96 target.  Trade pressures are down.  Volumes are bearish.

The next target up is 4.10.  The expected overbought levels are 3.96.

A close below 3.83 and the confluent  200 day MA would signal lower. However, the expected oversold levels are 3.82.

 

GOLD_ GCG24

Weekly – In the new December 2023 uptrend, with the decisive break above the 2048 the resistance levels which have been back tested and now moving higher once again. Trade pressures remain in the neutral zone. Volumes remain neutral.

Daily – Flat. In the move up from 2060 on 12/22.  Now at the upper channel boundary and retracing. Trade pressures are down into the neutral zone. Volumes remain neutral.

Reached the upside target of 2097. The next target up is 2113. The expected overbought level is 2101.

A close below 2064 would signal lower. The lower channel bound and the 200 day MA meet at 2014 in mid January. The expected oversold level is 2026.

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

 

SILVER_ SIH24

Weekly – Now in the new December uptrend.  Trade pressures have risen into the neutral zone.  Volumes remain neutral.

Daily – Flat. Attempted a rally but failed at the end of the month with a sharp selloff.  Trade pressures are down.  Volumes are bearish.

The next target down is 23.26. Oversold levels remain at 21.62.

A close above 24.91 would signal higher  Overbought levels are 25.01.

#copperfutures #goldfutures #silverfutures    [Contracts rollover]

COPPER_ HGH24

Weekly – In the new December 2023 uptrend. Trade pressures remain up but turning down. Volumes remain bullish.

Daily – Long, from the 3.81 resumption of the uptrend on 12/8.  Trade pressures are up. Volumes remain bullish.

The next target up is 3.96.  The expected overbought levels are 3.93.

A close below 3.73 would signal lower. Expected oversold levels remain at 3.71.

[Use 3.73 as the SL]

[12-14-23: Raise SL to BE, 3.81.]

[12-19-23: Take profits at 3.92, the overbought level.]

 

GOLD_ GCG24

Weekly – In the new December 2023 uptrend, with the decisive break above the 2048 the resistance levels now in a complete retracement. Trade pressures are down into the neutral zone. Volumes are now neutral.

Daily – Flat.  After the retracement to the 200 day MA, the FED rally ran gold up to touch the new entry price of 2060. Trade pressures are up. Volumes are neutral.

Reached the 1992 target down.  Support is at 1987, just below the expected oversold levels of 1988.

Did not take new long entry at 2045 because of the gap up. looking for a break out of the downward channel.  The expected overbought levels are now 2090.

 

SILVER_ SIH24

Weekly – Now in the new December uptrend.  Trade pressures are down.  Volumes are neutral.

Daily – Flat. gapped up with gold and out of the downward channel.  Trade pressures are up.  Volumes are bullish.

Tested the target down at 22.98.  Support levels are at 22.99.  Oversold levels are below at 21.62.

The 12/13 close above 23.78 signaled higher, but waiting for a back-test in the low 23’s.  Overbought levels are 25.09.

#copperfutures #goldfutures #silverfutures    [Contracts rollover]

COPPER_ HGH24

Weekly – In the new December 2023 uptrend. Trade pressures remain up but turning down. Volumes remain bullish.

Daily – Long, from the 3.81 resumption of the uptrend on 12/8.  Trade pressures are up. Volumes remain bullish.

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

A close below 3.73 would signal lower. Expected oversold levels remain at 3.71.

[Use 3.73 as the SL]

[12-14-23: Raise SL to BE, 3.81.]

 

GOLD_ GCG24

Weekly – In the new December 2023 uptrend, with the decisive break above the 2048 the resistance levels in a complete retracement. Trade pressures are up. Volumes are now bullish.

Daily – Flat.  In the retracement down of the sharp move up on 11/28. Trade pressures are down. Volumes are bearish.

The next target down is 1992.35. Support is at 1991, below the expected oversold levels of 2006.

A new long entry entry would be signaled with a close above 2045. The expected overbought levels are now 2099.

 

SILVER_ SIH24

Weekly – Now in the new December uptrend. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. Crashing from those prior highs. Trade pressures are down. Volumes are bearish.

The next target down is 22.98. Oversold levels are below at 21.62. Support levels are at 22.99.

A close above 24.41 would signal higher.  Overbought levels are 25.11.

 

#copperfutures #goldfutures #silverfutures    [Contracts rollover]

COPPER_ HGH24

Weekly – Broken out of the May 2023 downtrend, now in the new December 2023 uptrend. Trade pressures remain up. Volumes remain bullish.

Daily – Long, from the 3.86 break above the 200 day MA resistance on 12/1. Breaks above the 200 day MA.  Trade pressures are up. Volumes are now bullish.

Missed the break out. Will wait for an entry lower around the 3.80 level. The expected overbought levels are 3.88.

A close below 3.82 would signal lower. Expected oversold levels remain at 3.70.

[12-5-23: Now 3.78. Breaks back below the 200 day MA. Support at 3.70.]

 

GOLD_ GCG24

Weekly – In the new December 2023 uptrend, with a decisive break above the 2048 the resistance levels. Trade pressures are just up out of the neutral zone. Volumes are now bullish.

Daily – Flat.  In the new move up from the break above the UML and 2037 on 11/28. Trade pressures are up. Volumes remain bullish.

The next target up is 2101. The expected overbought levels is 2054.

A new short entry would be signaled with a close below 2041. The expected oversold levels are now 1991.

[ 12-5-23: Now 2034. Ripped higher to the 2152 upside target and then gives it all back. 2076 was the short entry; missed. Now looking for an opportunity to go long around 2000.

 

SILVER_ SIH24

Weekly – Now in the new December uptrend. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. In the move up after the break above the 200 day MA from 23.87 on 11/24. Trade pressures are up. Volumes remain bullish.

The next target up is 26.29. Overbought levels are below at 25.09.

A close below 24.90 would signal lower.  Oversold levels are 24.81.

[12-5-23: Silver down with the other metals. Short entry was 25.16 after the spike up. Now support at the back-test of the 200 day.]

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ23

Weekly – In the May 2023 downtrend but testing the resistance line. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. Breaks out above the UML to test the 3.80.  Trade pressures are up but turning down. Volumes are now neutral.

Resistance is here at 3.80. looking for an entry lower around the 3.60 level. The expected overbought levels are 3.85. 200 day MA is at 3.86.

A close below 3.73 would signal lower. Expected oversold levels remain at 3.57.

 

GOLD_ GCZ23

Weekly – In the August 2023 downtrend, still testing the resistance levels. Trade pressures are still down. Volumes are now bullish.

Daily – Flat. In the new move up from the break above the UML and 1984 on 11/21. Trade pressures are up. Volumes remain bullish.

The next target up is 2036. The expected overbought levels is 2018.

A new short entry would be signaled with a close below 1980. The expected oversold levels are now 1951.

 

SILVER_ SIZ23

Weekly – Remains in the September 2023 downtrend. Trade pressures are now up. Volumes remain bullish.

Daily – Flat. In the move up after the break above the 200 day MA from 23.87 on 11/21. Trade pressures are up. Volumes remain bullish.

The next target up is 25.94. Overbought levels are expected at 24.74.

A close below 23.22 would signal lower.  Oversold levels are 21.49.

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ23

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

Daily – Flat. At the upper channel line at 3.75.  Trade pressures are up. Volumes are bullish.

Resistance is here at 3.75. The expected overbought levels are 3.83.

A close below 3.65 would signal lower. Expected oversold levels are now 3.57.

 

GOLD_ GCZ23

Weekly – In the August 2023 downtrend, again testing the resistance levels. Trade pressures are still down. Volumes are now bullish.

Daily – Flat. Rallied off the 1939 downside target. Trade pressures are now up. Volumes are bullish.

Closed just below the the UML at 1984. A breakout above the UML would signal higher. The expected overbought levels is 2005.

A new short entry would be signaled with a close below 1970. The expected oversold levels are now 1933.

 

SILVER_ SIZ23

Weekly – Remains in the September 2023 downtrend. Trade pressures are just up above the neutral zone. Volumes are now bullish.

Daily – Flat. Rallied off the 21.86 support level. Trade pressures are now up. Volumes are now bullish.

The close above 22.82 signaled higher. The next target up is 24.00. Overbought levels are expected at 24.66.

A close below 23.05 would signal lower.  Oversold levels are 21.75.

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ23

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

Daily – Flat. The move up from 3.64 on 10/27 was stopped at the upper ML at 3.7.  Trade pressures are down. Volumes are bearish.

Support is at 3.54, the LML The expected overbought levels remain 3.70.

A close below 3.56 would signal lower. Expected oversold levels are now 3.52.

 

GOLD_ GCZ23

Weekly – In the August 2023 downtrend, testing the resistance levels. Trade pressures are down. Volumes are now bearish..

Daily – Flat. The close below 1968 signaled lower. Trade pressures down. Volumes are bearish.

Closed below the 1939 downside target. The expected oversold levels is 1938. So, expect consolidation.

A new long entry would be signaled with a close above 1983. The expected overbought levels are now 2014.

 

SILVER_ SIZ23

Weekly – In the September 2023 downtrend. Trade pressures are down into the neutral zone. Volumes are now neutral.

Daily – Flat. In the move down from the 22.70 signal, looking for a better short entry. Trade pressures are now down. Volumes are now bearish.

The close below 22.70 signaled lower. Support at 22.05.  Oversold levels are expected at 21.23.

A close above 22.58 would signal higher  The next target up remains 23.99. Overbought levels are still 24.74.

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ23

Weekly – In the May 2023 downtrend. Trade pressures are down but rising. Volumes remain neutral.

Daily – Long. In the move up from 3.64 on 10/27.  Trade pressures are up. Volumes are bullish.

The expected overbought levels are 3.70 and overhead resistance is the same. Tight stops.

A close below 3.56 would signal lower. Expected oversold levels are now 3.54.

[11-5-23: SL 3.63]

[11-6-23: Raise stop to BE at 3.64.]

[11-8-23: Stopped out for a BE.]

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. Profit stop triggered at 1983. Trade pressures down into the neutral zone. Volumes remain bullish.

A new long entry would be signaled with a close above 2008 which has been tested three times and failed. The next target up is 2081 with median line resistance at 2010. The expected overbought levels are now 2015.

A close below 1968 would signal lower. The expected oversold levels are 1970.

 

SILVER_ SIZ23

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

Daily – Flat. Still in the move up from the 21.63 signal. Trade pressures are now up. Volumes are now bullish.

In consolidation. The next target up remains 23.99. Overbought levels are still 24.74.

A close below 22.70 signals lower which has been tested three time also.  Oversold levels are expected at 21.23.

[11-7-23: New short at 22.70.  SL @ 22.70.]]

[11-7-23: Stopped out immediately for a BE.]

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ23

Weekly – In the May 2023 downtrend. Trade pressures have broken down. Volumes is now neutral.

Daily – Flat. Pulled back to just above the 3.51 downside target.  Trade pressures are down. Volumes are bearish.

Need a close above the 3.65 level to enter a new long trade. The expected overbought levels are 3.75.

A close below  3.55 would signal lower. Expected oversold levels are now 3.45.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures are now up. Volumes remain bullish.

Daily – Flat. Profit stop triggered at 1983. Trade pressures remain up. Volumes remain bullish.

A new long entry would be signaled with a close above 2008. The next target up is 2081 with median line resistance at 2019 and 2033; and the expected overbought levels are now 2025.

A close below 1944 would signal lower. The expected oversold levels are 1937.

 

SILVER_ SIZ23

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

Daily – Flat. Still in the move up from the 21.63 signal. Trade pressures are down. Volumes are now neutral.

The expected resistance at 23.88, the median line, and the 200 day MA did turn price down. The next target up remains 23.99 and could signal a new long entry. Overbought levels are still 24.74.

A close below 22.70 signals lower.  Oversold levels are expected at 22.01.

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ23

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

Daily – Flat. Pulling back to test the 3.51 downside target.  Trade pressures are down. Volumes are bearish.

Need a close above the 3.66 level to enter a new long trade. The expected overbought levels are 3.70.

A close below  3.54 would signal lower. Expected oversold levels are now 3.50 to 3.45.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures rise into the neutral zone. Volumes are now bullish.

Daily – Long. The 1853 entry was established 10-9. Trade pressures are up. Volumes remain bullish.

Got the close above 1853 to enter a new long trade. The expected overbought levels are 1899. Price is well above the OB levels; so, is exposed to selling.

A close below 1870 would signal lower. The expected oversold levels are 1818.

SL at 1896.

[10-18-23: Raise SL to 1925]

[10-19-23: Raise SL to 1952.]

[10-20-23: Raise SL to 1983]

[10-24-23: Stopped out at 1983.]

 

SILVER_ SIZ23

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

Daily – Long. Last Friday close above 21.63 signaled higher. Long 10/9 at 21.94.  Trade pressures up. Volumes remain  bullish.

At the 22.79 target up.  A back-test of trend line resistance is at 23.19. The next target up is 23.99. Overbought levels are 24.74.

A close below 22.19 signals lower.  Oversold levels are expected at 21.59.

Set the SL at the prior 22.42 upside target.

[10-18-23: Raise SL to 22.79 prior target.]

[10-19-23: SL triggered at 22.79.]