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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.

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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.

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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.

 

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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.]

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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.

 

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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.]

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COPPER_ HGZ23

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

Daily – Flat. Price sets a new 2023 low at 2.55, near the oversold levels of 3.50.  Trade pressures are down. Volumes are bullish.

Now rallying off the lows. The expected overbought levels are 3.73. Support at 3.57.

A close above 3.66 would signal higher. 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 remain bearish.

Daily – Flat. Trade pressures are now down but rising. Volumes are now bullish.

The 1922 support failed as well as the 1903 downside target. At the next target down 1825. The expected oversold levels are 1803.

Need a close above 1853 to enter a new long trade. The expected overbought levels are 1883.

 

SILVER_ SIZ23

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

Daily – Flat. Stopped out at the 23.33 SL on 9/25. But the Friday close above 21.631 signals higher. Trade pressures are down but rising. Volumes are again bullish.

Need a pullback to validate the base, then long at at second time thru 21.63. The next target up would be 22.42.  Overbought levels are 24.61.

A close below 20.93 signals lower.  Oversold levels are expected at 21.23.

Set the SL at 21.23.

 

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COPPER_ HGZ23

Weekly – In the May 2023 downtrend. Trade pressures are consolidating in the neutral zone. Volumes remain bearish.

Daily – Flat. Price breaks below the Lower median line to test the 3.59 prior lows.  Trade pressures are down. Volumes are bullish.

At the next target down is 3.66. The expected oversold levels are 3.62.

A close above 3.74 would signal higher. Expected overbought levels are now 3.83.

 

GOLD_ GCZ23

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

Daily – Flat. Trade pressures are now down but rising. Volumes are now bearish.

The 1922 support has held. The next target down is 1903. The expected oversold levels are 1911.

Need a close above 1948 to enter a new long trade. The expected overbought levels are 1967.

 

SILVER_ SIZ23

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

Daily – Long. In the move up from the 23.51 entry, after rallying off the September 2022 trendline. Trade pressures are up. Volumes remain bullish.

Got the close above 23.51 to signal higher. The next target up would be 24.18.  Overbought levels are 26.62.

A close below 23.33 signals lower. The next target down is 21.52,  Oversold levels are expected at 21.27.

Set the SL at 23.33.

 

[9-25-23: Stopped out at the 23.33 level.]

 

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COPPER_ HGZ23

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

Daily – Flat. Still bearish but consolidating at the lower median line from 8-17.  Trade pressures are up. Volumes remain bearish.

The next target down is 3.66. The expected oversold levels are 3.71.

A close above 3.83 would signal higher. Expected overbought levels are now 3.90.

 

GOLD_ GCZ23

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

Daily – Flat. Trade pressures are now up. Volumes are now bullish.

The break down of the LML at 1927 signaled lower. The next target down is 1922, then 1903. The expected oversold levels are the lower lows of 1903.

Need a close above 1949 to enter a new long trade. The expected overbought levels are 1966.

 

SILVER_ SIZ23

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

Daily – Flat. In the move down, but rallied off the September 2022 trendline. Trade pressures are up into the neutral zone. Volumes are bullish.

The close below 23.88 signaled lower, then price moved back above the trendline. The next target down is 21.52,  Oversold levels are expected at 21.27.

Need a close above 23.51 to signal higher. The next target up would be 23.71.  Overbought levels are 26.62.

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COPPER_ HGZ23

Weekly – In the May 2023 downtrend. Trade pressures are up into the neutral zone. Volumes are now bearish.

Daily – Flat. Now in the move down from the 9/6 break down from the consolidation area at 3.79.  Trade pressures are down. Volumes remain bearish.

Got a pull back to 3.74. then breaks below that level. The expected oversold levels are 3.70. The next target down is 3.66.

A close above 3.89 would signal higher. Expected overbought levels are now 3.87.

 

GOLD_ GCZ23

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

Daily – Flat. The 200 day MA at 1980 acted as resistance. Trade pressures are down. Volumes remain bearish.

A break down of the LML at 1937 would signal lower. The next target down is 1927, then 1903. The expected oversold levels are the lower lows of 1913.

Need a close above 1953 to enter a new long trade. The expected overbought levels are 1972.

 

SILVER_ SIZ23

Weekly – In the April 2023 uptrend. Trade pressures are now testing the neutral zone. Volumes are now bearish.

Daily – Flat. In the move down from the median line touch at 25.33. Trade pressures are down. Volumes are bearish.

The close below 23.88 signaled lower. The next target down is 22.78, the August 2022 trendline. Oversold levels are expected at 21.27.

Need a close above 23.83 to signal higher. The next target up would be 24.53.  Overbought levels are 26.66.