Category: Metals

Metals

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COPPER_ HGK25

Weekly – In the September 2024 uptrend; breaks down hard. Trade pressures are down. Volumes are bearish.

Daily – Short. In retracement from the 5.37 high. Shorted from the 5.16 entry; and stopped out just before the tariff announcement. Trade pressures are down.  Volumes are bearish.

The next target down is 4.01. The expected oversold levels decline to 4.66.

A close back above 4.68 would signal higher. The expected overbought levels decline to 5.25.

 

GOLD_ GCM25

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

Daily – Short from 3108. The thursday and Friday sell oof takes price below the 3040 downside target. Trade pressures are down.  Volumes are bearish.

The next target down is 2941. The expected oversold level rises to 3007.

A close above 3074 would signal higher. The expected overbought level rises to 3165.

[Set SL to 3074.][Set Profit stop at 3005]

[4-7-25: Profit stop hit. Flat.]

 

SILVER_ SIK25

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

Daily – Flat. The thursday break down at 33.90 triggered a new short, which traded immediately to the 29.14 target.  Trade pressures are down.  Volumes are bearish.

The next target down is 26.23  The oversold levels decline  to 29.57.

A close above 31.44 would signal higher. Overbought levels decline to 34.47.

 

Metals

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COPPER_ HGK25

Weekly – In the September 2024 uptrend; breaks above resisitance. Trade pressures remain up. Volumes are bearish.

Daily – Short. In retracement from the 5.37 high. Short from the 5.16 entry today. Trade pressures are down into the neutral zone.  Volumes are neutral.

The next target down is 4.95. The expected oversold levels rise to 4.92.

A close back above 5.18 would signal higher. The expected overbought levels rise to 5.30.

[3-28-25: Set the SL at 5.17]

[3-31-25: Lower SL to 5.07]

[4-2-25: Stopped out at 5.07.]

 

GOLD_ GCM25

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

Daily – Flat. Taking profit at the April contract rollover to June. June closes at 3114. Trade pressures are up.  Volumes remain bullish.

The next target up is 3192. The expected overbought level declines to 3088.

A close below 3108 would signal lower. The expected oversold level rises to 2990.

 

SILVER_ SIK25

Weekly – In the December 2023 uptrend. Trade pressures are down, but rising.  Volumes remain bullish.

Daily – Short. Rallied with Gold to 35.29, now selling off. Short from 35.03 today.  Trade pressures are up.  Volumes are bearish.

The next target down is 34.26  The oversold levels rise to 32.96.

A close above 35.04 would signal higher. Overbought levels rise to 35.66.

[3-31-25: Stopped out at the 35.04 level.]

 

 

Metals

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COPPER_ HGK25

Weekly – In the September 2024 uptrend; breaks above resisitance. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. Breaks above the median line at 4.93. Then breaks above 5.00. Trade pressures are up.  Volumes remain bullish.

Now at the 5.14 upside resisitance and retracing. Short term support at 5.04. The next target down is 4.92. The expected oversold levels rise to 4.75.

A close back above 5.14 would signal higher. The expected overbought levels rise to 5.22.

 

GOLD_ GCJ25 ( Roll to June next week.)

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

Daily – Long. Bull Flag breaks out at 2926 on 3/12. Trade pressures are down.  Volumes are neutral.

The next target up is 3065, the prior high. The expected overbought level rises to 3094.

A close below 2977 would signal lower. The expected oversold level rises to 2932.

[3-21-25: Set the SL at 3000.]

[3-28-25: Raise the SL to 3100.][Correction: rollover. Sell at market, 3089.]

 

SILVER_ SIK25

Weekly – In the December 2023 uptrend. Trade pressures are down, but rising.  Volumes remain bullish.

Daily – Flat. Retracement to 33.36 on 3.21 stops out the trade for a BE.  Trade pressures are down.  Volumes are bearish.

The next target up is 35.17. Overbought levels are 35.17.

A close below 33.36 would signal lower. The oversold levels are 29.15.

[3-24-25: Short at 33.45. SL at 33.82.]

[3-25-25: Stopped out for a loss at 33.82.]

Metals

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COPPER_ HGK25

Weekly – In the September 2024 uptrend; breaks above resisitance. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. Breaks out of the bull flag at 4.62. Then a back test of the breakout on 3/10. Trade pressures are up.  Volumes are bulish.

Now at the 4.92 upside resisitance, again at the upper median line. Retracing. The next target down is 4.83. The expected oversold levels rise to 4.54.

A close above 4.93 would signal higher. The expected overbought levels rise to 4.99.

 

GOLD_ GCJ25

Weekly – In the December 2023 uptrend, 4 weeks above resistance.  Trade pressures are up but declining.  Volumes are now bullish.

Daily – Long. Bull Flag breaks out at 2926 on 3/12. Trade pressures are up.  Volumes remain bullish.

The next target up is 3017, the prior high. The expected overbought level rises to 3011.

A close below 2977 would signal lower. The expected oversold level rises to 2900.

 

SILVER_ SIK25

Weekly – In the December 2023 uptrend. Trade pressures are down,but rising.  Volumes are bullish.

Daily – Long. Bull Flag breakout at 33.36 on 3/12.  Trade pressures turned up .  Volumes are bullish.

The next target up is the upper median line at 34.81. Overbought levels are 34.51.

A close below 33.36 would signal lower. The oversold levels are 29.36.

 

Metals

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COPPER_ HGK25

Weekly – In the September 2024 uptrend; continues to test resisitance. Trade pressures remain up. Volumes are bullish.

Daily – Flat. Breaks out of the bull flag at 4.62. Trade pressures are up.  Volumes are neutral.

At upside resisitance at 4.80, the upper median line. Retracing. The next target down is 4.61. The expected oversold levels decline to 4.45.

A close above 4.79 would signal higher. The expected overbought levels rise to 4.81.

 

GOLD_ GCJ25

Weekly – In the December 2023 uptrend, 4 weeks above resistance.  Trade pressures are up but declining.  Volumes are now bullish.

Daily – Flat. Lower highs. Trade pressures are down into the neutral zone.  Volumes are bullish.

A close above 2956 would signal higher. The expected overbought level declines to 2983.

The next target down is 2843. The expected oversold level rises to 2856.

 

SILVER_ SIK25

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

Daily – Flat. Showing lower highs after the move up.  At the 33.50 resisitance. Trade pressures are up but declining.  Volumes are neutral.

The next target down is 31.65. The oversold levels are 31.24.

A close above 32.68 would signal higher. Overbought levels are 33.46.

 

Metals

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COPPER_ HGK25

Weekly – In the September 2024 uptrend; rally took it to resisitance. Trade pressures are up. Volumes are bearish.

Daily – Flat. The retracement down, after a rally attempt now retesting the 4.55 downside target. Trade pressures are down.  Volumes remain bearish.

The next target down is 4.46. The expected oversold levels rise to 4.48.

A close above 4.59 would signal higher. The expected overbought levels rise to 4.73.

 

GOLD_ GCJ25

Weekly – In the December 2023 uptrend, breaks out of resistance.  Trade pressures are up but declining.  Volumes are now bearish.

Daily – Flat. The close below the 2917 triggered a short with a profit taken at 2850. Trade pressures are down.  Volumes are bearish.

A close above 2893 would signal higher. The expected overbought level rises to 2989.

The next target down is 2813. The expected oversold level declines to 2843.

 

SILVER_ SIK25

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

Daily – Short. In the move down from the 32.05 trigger on 2/24.  At the 31.36 downside target. Trade pressures are down.  Volumes are bearish.

The next target down is 30.61. The oversold levels are 31.70.

A close above 32.68 would signal higher. Overbought levels are 33.49.

[3-4-25: stopped out at 32.68.for a loss.]

 

Metals

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COPPER_ HGH25

Weekly – In the September 2024 uptrend; rally took it to resisitance. Trade pressures are up. Volumes are neutral.

Daily – Flat. The retracement down, has met the 4.55 downside target. Trade pressures are down.  Volumes remain bearish.

The next target down is 4.41. The expected oversold levels rise to 4.44, take profits there.

A close above 4.64 would signal higher. The expected overbought levels decline to 4.81.

 

GOLD_ GCJ25

Weekly – In the December 2023 uptrend, breaks out of resistance.  Trade pressures are up.  Volumes are now bullish.

Daily – Flat. A close below the 2917 triggers a short. Consolidating between the 2974 and 2888. Trade pressures are up but declining.  Volumes are now bullish.

A close below the trend at 2937 signals lower. The expected oversold level declines to 2901.

A close above 2964 would signal higher. The expected overbought level rises to 2983.

[2-26-25: AM open – Short @ 2917. SL at 2941]

[2-27-25: Lower SL to < BE, 2911.][ Take Profit stop @ 2843.]

[2-28-25: Raise the profit stop to 2850.][Lower SL to 2876.][ AM: PT met at 2850. Flat]

 

SILVER_ SIH25  (SIK25 now front month)

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

Daily – Flat. In the new move down from the failure to break the 33.24 resistance on 2/14.  Trade pressures are up.  Volumes are neutral.

The next target down remains 31.06. The oversold levels are 31.18.

A close above 32.68 would signal higher. Overbought levels are 33.98.

[Short term trend is 33.11. This break below signals lower.]

Metals

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COPPER_ HGH25

Weekly – In the September 2024 uptrend; rally took it to resisitance. Trade pressures are up. Volumes remain bearish.

Daily – Flat. In the move up from the 4.32 bull flag breakout on 2/4. The 4.81 target was met and triggered a retracement. Trade pressures are up.  Volumes remain bearish.

The next target up is 4.92. The expected overbought levels rise to 4.88.

The next target down is 4.55. The expected oversold levels rise to 4.41.

 

GOLD_ GCJ25

Weekly – In the December 2023 uptrend, breaks out of resistance.  Trade pressures are up.  Volumes are now bearish..

Daily – Short. In the new move down, a retracement down from the trendline break at 2903 on 2/14. Trade pressures are up but declining.  Volumes are now bearish.

The next target down is 2838. The expected oversold level rises to 2853.

A close above 2940 would signal higher. The expected overbought level rises to 2973.

[Set a SL at 2838.] [shoud be 2938]

[2-18-25: Stopped out at 2938.]

 

SILVER_ SIH25

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

Daily – Flat. In the new move down from the failure to break the 33.14 resistance on 2/14.  Trade pressures are up out of the neutral zone.  Volumes remain bearish.

The next target down is 31.70. The oversold levels are 31.35.

A close above 33.12 would signal higher. Overbought levels are 33.98.

[Short term trend is 32.57. Need a break below to continue lower.]

Metals

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COPPER_ HGH25

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

Daily – Long. In the move up from the 4.32 bull flag breakout on 2/4. Trade pressures are up.  Volumes remain bearish.

The next target up is 4.81. The expected overbought levels rise to 4.51.

The next target down is 4.15. The expected oversold levels rise to 4.26.

[2-6-25: Stopped out of the 4.36 trade at 4.43 on a pullback.]

 

GOLD_ GCJ25

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

Daily – Flat. In the move up from the 2782 break out above the January 26th trend line. Trade pressures are up.  Volumes remain bullish.

At the 2909 resistance. The expected overbought level rises to 2934.

A close below 2821 would signal lower. The next target down is 2780. The expected oversold level rises to 2726.

A close below 2869 would signal lower, Set as SL.

 

SILVER_ SIH25

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

Daily – Flat. In the the move up from 31.54 on 1/30 and at resistance.  Trade pressures are down intoi the neutral zone.  Volumes are now bearish.

At the 33.20 target up is 33.30. Overbought levels are 33.24.

A close below 32.11 would signal lower. The oversold levels are 29.72.

[2-8-25: A close below 32.16, the prior low, would signal lower.]

Metals

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COPPER_ HGH25

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

Daily – Flat. At 4.27 support. Trade pressures are up.  Volumes are now bearish.

The next target down is 4.15. The expected oversold levels decline to 4.21.

A close above 4.32 is required to start a new move up. The expected overbought levels decline to 4.41.

[2-5-25: long at 4.36. SL at 4.33.]

[2-6-25: Raise SL to 4.43.]

 

GOLD_ GCJ25

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

Daily – Flat. In the move up from the 2782 break out above the January 26th trend line. Trade pressures are up.  Volumes remain bullish.

The next target up is 2871. The expected overbought level rises to 2874.

A close below 2821 would signal lower. The next target down is 2780. The expected oversold level rises to 2726.

[2-5-25: next target up is 2912 and over bought.]

2-6-25: A close below 2864 would signal lower, Set as SL.]

 

SILVER_ SIH25

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

Daily – Flat. In the the move up from 31.54 on 1/30.  Trade pressures are up.  Volumes are now bullish.

The next target up is 33.38. Overbought levels are 34.89.

A close below 32.11 would signal lower. The oversold levels are 29.72.

[2-5-25: A close below 32.41 would signal lower.]