Category: Metals

Metals

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COPPER_ HGN25

Weekly – In the September 2024 uptrend. Trade pressures are up, but declining. Volumes are now bearish.

Daily – Flat. Remains in the downtrend and in consoldation.  Trade pressures are down.  Volumes are now bullish.

Rallied off the 4.71 support. The next target up is 4.81(also a new long entry). The expected overbought levels decline to 4.84.

Support at 4.75. A close below 4.70 would signal lower.  The expected oversold levels rise to 4.65.

 

GOLD_ GCQ25

Weekly – In the December 2023 uptrend.  Trade pressures are up, still in the neutral zone.  Volumes remain bullish.

Daily – Long. New, from the 7 day bull flag breakout on 6/12 at 3377.  Trade pressures are up.  Volumes are bullish.

The next target up is 3484. The expected overbought level rises to 3430.

A close below 3363 The expected oversold level rises to 3299.

{6-15-25: Set the SL at 3447.]

[6-16-25: Stopped out at the 3447 SL.]

 

SILVER_ SIN25

Weekly – In the December 2023 uptrend. Trade pressures are up.  Volumes remian bullish.

Daily – Long. The sharp move up from 33.58 on 6/2 was stopped out on 6-11-25 at 36.25. Trade pressures are up, but declining.  Volumes remain bullish.

A close above 36.63 would signal higher. The next target up is 37.54. Overbought levels rise to 37.60.

A close below 35.93 would signal lower. The oversold levels rise to 35.07.

[6-17-25: Traded thru the long entry at 36.63. No trade taken. News driven, too fast ]

 

Metals

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COPPER_ HGN25

Weekly – In the September 2024 uptrend. Trade pressures are up. Volumes are now neutral.

Daily – Flat. Tested prior high at 4.96 and begins a new retracement move down.  Trade pressures are up, but declining.  Volumes are now neutral.

Ran to the OB levels and sold off. The expected overbought levels rise to 4.99.

Support at 4.70. A close below 4.70 would signal lower.  The expected oversold levels stay at 4.51.

[6-11-25: Lower towards the lower parllel at 4.71. Should be support.]

 

GOLD_ GCQ25

Weekly – In the December 2023 uptrend.  Trade pressures are up, struggling to get out of the neutral zone.  Volumes remain bullish.

Daily – Short. New short after rally to 3421. Short from 3380 on 6/6. Trade pressures are down.  Volumes are bearish.

The next target down is 3302. The expected oversold level rises to 3248.

A close above 3367 would signal higher. The expected overbought level rises to 3407.

[6-7-25: Set Short SL at 3366.]

[6-9-25: Lower SL to 3352.] [Close the short. Price breaks above the 6/5 downtrend line at 3344. Flat]

 

SILVER_ SIN25

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

Daily – Long. In a sharp  move up from 33.58 on 6/2. Trade pressures are up.  Volumes are bullish.

The next target up is 37.37.  Now OB. Overbought levels rise to 36.56.

A close below 35.58 would signal lower. The oversold levels rise to 34.98.

[6-7-25: Set the SL at 35.58.]

[6-9-25: Raise SL to 35.85.][ At the close: Raise SL to 36.25]

[6-11-25: Stopped out at 36.25. Flat. ]

Metals

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COPPER_ HGN25

Weekly – In the September 2024 uptrend. Trade pressures are up. Volumes remain bearish.

Daily – Long. Tested resisitance at 4.89 and began a retracement of the prior move up.  Trade pressures are down.  Volumes are now neutral.

Took profits on a SL above the OB levels. May consider a new buy, at a break above 4.72. The expected overbought levels rise to 4.83.

A close below 4.66 would signal lower.  The expected oversold levels decline to 4.51.

[6-1-25: Long at 4.71. SL at 4.76]

[6-3-25: 4.76 stop tiggered.]

 

GOLD_ GCQ25

Weekly – In the December 2023 uptrend.  Trade pressures are up, just above the neutral zone.  Volumes remain bullish.

Daily – Short. In the move down from 3352 on 5/27.  Trade pressures are down.  Volumes are bearish.

The close below 3311 on 5/29 signaled lower, but wait for price improvement to enter. The expected oversold level rises to 3186.

A close above 3343 would signal higher. The expected overbought level rises to 3356.

[Set any short SL at 3343.]

[6-2-25: Breaks above the downtrend line at 3344. no trade.]

 

SILVER_ SIN25

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

Daily – Flat. In the bull flag move down from 5/22. Trade pressures are down.  Volumes are bearish.

Need a breakout above 33.58 to restart the move up. Overbought levels rise to 33.78.

A close below 32.78 would signal lower. The oversold levels rise to 29.10.

 

Metals

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COPPER_ HGN25

Weekly – In the September 2024 uptrend. Trade pressures are up. Volumes remain bearish.

Daily – Long. In the move up from the 4.67 long entry on 5/20. Stopped out at 4.63 on 5/22.  Trade pressures are up.  Volumes are bullish.

Re-entered the long at 4.70 on 5/23 and at the 4.89 target. The expected overbought levels decline to 4.75.

A close below 4.78 would signal lower.  The expected oversold levels rise to 4.55.

[Set the SL at 4.78.]

[5-27-25: Stopped out at the 4.78.]

 

GOLD_ GCM25

Weekly – In the December 2023 uptrend.  Trade pressures are up, just above the neutral zone.  Volumes are bullish.

Daily – Long. In the move up from 3240 on 5/20.  Trade pressures are up.  Volumes are bullish.

The next target up is 3401. The expected overbought level declines to 3344.

A close below 3326 would signal lower. The expected oversold level declines to 3144.

[Set the SL at the 3326 trendline.]

[5-26-25: OB. Stopped out at 3326 in the premarket hours.]

 

SILVER_ SIN25

Weekly – In the December 2023 uptrend. Trade pressures are up out of the neutral zone.  Volumes are bullish.

Daily – Long. In the move up and out of the bull flag at 32.39 on 5/20. Stopped out in the sell-off on 5/22 at 33.33. Trade pressures are up but turning down.  Volumes are bullish.

The next target up is 34.07, above the OB levels. Overbought levels rise to 33.76.

A close below 33.10 would signal lower. The oversold levels rise to 29.10.

 

Metals

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COPPER_ HGN25

Weekly – In the September 2024 uptrend. Trade pressures are down. Volumes remain bearish.

Daily – Short. In the move down from the 4.63 short entry on 5/16.  Trade pressures are down.  Volumes are bullish.

The next target down is 4.31. The expected oversold levels rise to 4.49.

A close above 4.67 would signal higher. The expected overbought levels decline to 4.79.

 

GOLD_ GCM25

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

Daily – Flat. In the move down from the gap open at 3281 on 5/12 (missed this trade).  Trade pressures are down.  Volumes are bearish.

The next target down is 3145. The expected oversold level declines to 3153.

A close above 3240 would signal a resumption of the move up. The expected overbought level declines to 3401.

 

SILVER_ SIN25

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

Daily – Flat. Consolidating at the 200 day MA and forming a bull flag. Trade pressures are down.  Volumes are neutral.

still holding the 200 day; else a short. The next target down is 31.530.  The oversold levels rise to 29.10.

A close above the bull flag at 32.29 would signal higher. Overbought levels rise to 33.76.

Metals

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COPPER_ HGN25

Weekly – In the September 2024 uptrend. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the move down from the 4.67 short entry on 5/8. Wait for the 120 min to confirm. Trade pressures are down.  Volumes are bullish.

The next target down is 4.31. The expected oversold levels decline to 4.40.

A close above 4.68 would signal higher. The expected overbought levels decline to 4.87.

 

GOLD_ GCM25

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

Daily – Flat. the retracement of the move down sets a lower high. A close below 3323 would signal a new short. Trade pressures are down.  Volumes are neutral.

The next target down is 3273. The expected oversold level rises to 3248.

A close above 3361 would signal a resumption of the move up. The expected overbought level rises to 3440.

 

SILVER_ SIN25

Weekly – In the December 2023 uptrend. Trade pressures are up, but declining.  Volumes are bearish.

Daily – Flat. Consolidating at the 200 day MA and forming a bull flag. Trade pressures are down.  Volumes are neutral.

Failure of the 200 day to hold would trigger a short. The next target down is 32.40.  The oversold levels rise to 29.10.

A close above the bull flag at 32.29 would signal higher. Overbought levels rise to 33.76.

 

Metals

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COPPER_ HGN25

Weekly – In the September 2024 uptrend. Trade pressures are still in the neutral zone. Volumes are bearish.

Daily – Short. Closed below 4.65 on 4/30. Trade pressures are down, but turning up.  Volumes are neutral.

In a retracement up, look for the RSX to turn down to enter. The next target down is 4.51. The expected oversold levels rise to 4.46.

A close above 4.72 would signal higher. The expected overbought levels decline to 4.89.

[5-6-25: Long at 4.72. SL at 4.67]

[5-7-25: Stopped out at 4.67 for a loss.]

 

GOLD_ GCM25

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

Daily – Short. In the move down from 3314. on 4-29. Trade pressures are down.  Volumes are bearisjh.

The next target down is 3154. The expected oversold level rises to 3207.

A close above 3275 would signal a resumption of the move up. The expected overbought level declines to 3436.

[5-5-25: long at 3275. SL at 33.40.]

[5-7-25: Raise the SL to 3362.]
[5-8-25: Stopped out in the premarket at 3362.]

 

SILVER_ SIN25

Weekly – In the December 2023 uptrend. Trade pressures are up, but declining.  Volumes are bearish.

Daily – Flat. Fails the trend at 32.70. Trade pressures are down.  Volumes are bearish.

The next target down is 31.79.  The oversold levels declines to 29.09.

A close above 32.43 would signal higher. Overbought levels decline to 33.73.

[5-5-25: Long, closed at 32.50. SL is 32.16.]

[5-7-25: Raise the SL to the entry price at 32.50.]

[5-8-25: Stopped at 32.50 in the preemarket.]

 

Metals

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COPPER_ HGn25

Weekly – In the September 2024 uptrend. Trade pressures are up into the neutral zone. Volumes are neutral.

Daily – Long. Stopped out of the long trade at 4.80 on 4-25. Trade pressures are up, but turning down.  Volumes remain bullish.

The next target up is 5.21. Look for a pull back to 4.66. The expected overbought levels rise to 4.97.

A close below 4.65 would signal lower. The expected oversold levels rise to 4.44.

 

GOLD_ GCM25

Weekly – In the December 2023 uptrend.  Trade pressures remain up.  Volumes are bearish.

Daily – Short. In the move down from 3314. on 4-25. Trade pressures are down.  Volumes are neutral.

The next target down is 3249. The expected oversold level rises to 3185.

A close above 3361 would signal a resumption of the move up. The expected overbought level rises to 3451.

[4-25-25: Short at 3314. SL 3340.]

[4-27-25-Stopped out at 3340 for a loss.]

 

SILVER_ SIN25

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

Daily – Flat. Breaks up and out of the consolidation area at 33.25. Trade pressures are up, but declining.  Volumes are bullish.

The next target up is 34.88. Overbought levels rise to 36.40.

A close below 32.06 would signal lower.  The oversold levels rise to 29.11.

Metals

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COPPER_ HGK25

Weekly – In the September 2024 uptrend. Trade pressures are down but rising. Volumes are neutral.

Daily – Long. The new lang trade was triggered at 4.63 on 4-16. Trade pressures are up.  Volumes are bullish.

The next target up is 4.85. The expected overbought levels rise to 4.72.

A close below 4.61 would signal lower. The expected oversold levels rise to 4.01.

[set the SL at 4.56.]

[4-23-25: Raise the SL to 4.80.]

[4-25-25: Stopped out with a gain at 4.80.]

 

GOLD_ GCM25

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

Daily – Flat. Took long profits at the 3247 level. Trade pressures are up.  Volumes are bullish.

A close above 3367 would signal a resumption of the move up. The next target up is 3469. The expected overbought level rises to 3399.

A close below 3314 would signal lower. The expected oversold level rises to 3084.

[4-25-25: Short at 3314. SL 3387.]

 

SILVER_ SIK25

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

Daily – Flat. Consolidating at the 32.50 level. Trade pressures are up.  Volumes are neutral.

The next target up is 33.94. Overbought levels rise to 36.11.

The next target down is 31.16  The oversold levels decline to 28.79.

 

Metals

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COPPER_ HGK25

Weekly – In the September 2024 uptrend; teested support and rallied. Trade pressures are down. Volumes are neutral.

Daily – Flat. Shorted from the 5.16 entry and reached the 4.03 low. Trade pressures rise into the neutral zone.  Volumes are neutral.

The next target down is 4.01. The expected oversold levels decline to 3.81.

A close above 4.63 would signal higher. The expected overbought levels decline to 4.71.

[4-16-25: Long from 4.63. Set the SL at 4.52]

 

GOLD_ GCM25

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

Daily – Long. Took short profits at the 3005 level. Market turns up and triggers the 3074 on 4/9. Trade pressures are up.  Volumes are bullish.

The next target up is the 3263 high. The expected overbought level rises to 3249.

At resistance. A close below 3205 (also SL) would signal lower. The expected oversold level rises to 3026.

[4-14-25: Sl is 3205. Set profit stop at 3247.]

[4-16-25: Raise SL to 3276.][ 4-16-25: [Profit stop at 3247 executed for a gain.]

 

SILVER_ SIK25

Weekly – In the December 2023 uptrend, tested support. Trade pressures are down.  Volumes are neutral.

Daily – Long. Off the 27.54 low pivot. Long triggered at 31.44 on 4/11. Trade pressures are up.  Volumes are neutral.

The next target up is 32.32. Overbought levels rise to 34.52.

The next target down is 26.23  The oversold levels stay at 29.57.

Set the SL at 30.94.

[4-14-25: Raise the SL to 31.42]

[4-16-25: Raise the SL to 32.10 32.53.][Stopped out in the 4/16 night session for a gain.]