#copperfutures #goldfutures #silverfutures

COPPER_ HGN23   (rollover to july contract)

Weekly – In the November 2022 uptrend. Trade pressures are turning from the neutral zone. Volumes are now bearish.

Daily – Flat. At the 3.98 downside target and May contract is at rollover. Trade pressures are down. Volumes are bearish.

Sell the May contract.

The next July contract target down is 3.86. Oversold levels are 3.92.

A close above 4.04 would signal higher. The expected oversold levels are 4.12.

[4-24-23: Sold Covered at the 3.96 daily low. Missed the 4/25 crash) ]

 

GOLD_ GCM23

Weekly – In the December 2022 uptrend. Trade pressures are up but rolling over. Volumes are now neutral.

Daily – Flat. Had tested the 1981 support level, then stopped out at the BE, 2022. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 1961 and the expected oversold levels are 1989.

A close above 2005 would signal higher. The next overbought levels are 2053.

 

SILVER_ SIK23

Weekly – Now in the new April 2023 uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. Very near a new short entry at 24.99. Trade pressures are down. Volumes are remain bearish.

The next target down is 23.75. Oversold levels are at 21.27.

A close above 25.53. The overbought levels are 23.75.

#copperfutures #goldfutures #silverfutures

COPPER_ HGK23

Weekly – In the November 2022 uptrend. Trade pressures are rising into the neutral zone. Volumes are bullish.

Daily – Short. At the 4.14 and meeting resistance. Trade pressures are up and trending. Volumes are now bearish.

The next target up is 4.37. Overbought is expected at 4.14.

The close below 4.14 has signaled lower.  Oversold levels will be near 3.92.

[4-17-23: Set the SL at 4.11.]

[4-20-23: Set profit stop at 3.92.]

 

 

GOLD_ GCM23

Weekly – In the December 2022 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Short, now at the 2064 overbought levels and the short entry at 2022 has been triggered. Trade pressures are in the neutral zone. Volumes are bearish.

The next target down is 1981 and the expected oversold levels are 1979.

A close above 2041 would signal higher. The next overbought levels are 2064.

{4-17-23: Set SL at the 2022 BE.]

[4-18-23: Stopped out at BE.]

 

SILVER_ SIK23

Weekly – Now in the new April 2023 uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. A new short entry is nearby at 25.06. Trade pressures remain up. Volumes are now bearish.

The next target up is 27.14. Overbought levels are at 26.30.

A close below 25.06 will signal lower. The oversold levels are 21.75.

#copperfutures #goldfutures #silverfutures

COPPER_ HGK23

Weekly – In the November 2022 uptrend. Trade pressures are rising into the neutral zone. Volumes are bullish.

Daily – Flat. At the 4.09 new long entry. Trade pressures are down into the neutral zone. Volumes remain bullish.

The next target up is 4.37. Overbought is expected at 4.15.

A close below 4.03 would signal lower.  Oversold levels will be near 3.88.

 

 

GOLD_ GCM23

Weekly – In the December 2022 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat, now at the upper median line resistance. Trade pressures remain up. Volumes are bullish..

The next target up is the recent high pivot at 2005 and the overbought levels is now 2015.

A close below 1949 would signal lower. Oversold target is 1927.

 

 

SILVER_ SIK23

Weekly – Testing the resistance of the February 2023 downtrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. A new long entry was triggered at 23.05, but a tight stop was triggered for an immediate loss. Trade pressures remain up. Volumes are bullish.

Touched the 23.54 target, pulled back then move up in another leg higher towards the 24.39 target. Now above the overbought level at 23.24.

A close below 23.31 would signal lower. The expected oversold level is 21.98..

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGK23

Weekly – In the November 2022 uptrend. Trade pressures are down but rising. Volumes are now bullish.

Daily – Flat. At the 406 upside target. Trade pressures are up. Volumes are bullish.

The next target up is the 4.35 recent high pivot. Overbought is expected at 4.13.

A close below 4.06 would signal lower.  Oversold levels will be near 3.78.

[3-27-23: Short at 4.06. SL at 4.08.] [AM. stopped out at 4.08.]

 

GOLD_ GCJ23

Weekly – In the December 2022 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat, now at resistance. Trade pressures remain up. Volumes are bullish..

The next target up is 2014 and the overbought levels is also 2014.

A close below 1954 would signal lower.

Oversold target is 1891.

[3-27-23: Short at 1954. SL at 1975.]

 

SILVER_ SIK23

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

Daily – Flat. A new long entry has been triggered at 21.75. Trade pressures remain up. Volumes are bullish.

Touched the 23.54 target and pulled back. Overbought level 23.24.

A close below 22.80 would signal lower. The expected oversold level is 22.09.

[3-27-23: Long at 23.05. SL at 23.01.]

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGK23

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

Daily – Flat. At the 3.84 downside target. Trade pressures are down but rising. Volumes remain bearish.

The next target down is the 200DMA at 3.75. Oversold is expected at 3.79.

A close above 3.90 would signal higher.  Overbought levels will be near 4.03.

[3/19/23: Long at 3.92. SL at 3.87] [3/20/23: Stopped out in the overnight markets with a loss.]

 

GOLD_ GCJ23

Weekly – In the December 2022 uptrend. Trade pressures are up into the neutral zone.. Volumes are remain bullish.

Daily – Flat, the run continues higher. Trade pressures are up. Volumes are bullish..

The next target up is 2001and is above the overbought levels at 1963.

A close below 1954 would signal lower.

Oversold target is 1843.

 

SILVER_ SIK23

Weekly – In the new February 2023 downtrend. Trade pressures are rising to the neutral zone. Volumes are now bullish.

Daily – Long. A new long entry has been triggered at 21.75. Trade pressures are up. Volumes are now bullish.

The next target up is 23.54. Overbought level 23.30.

A close below 22.40 would signal lower. The expected oversold level is 19.70.

At resistance now, wait for a pull back and the bullish reversal on the trade pressures to re-enter.

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGK23

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

Daily – Flat. In the move down from the 4.10 on Mar 2nd. Trade pressures are up into the neutral zone. Volumes remain bearish.

Still below the 4.12 25×5 MA resistance. The next target down is 4.02. Oversold is expected at 3.91. Take profits at the 3.94 level.

A close above 4.09 would signal higher.  Overbought levels will be near 4.15. Set the 4.07 as the SL.

 

GOLD_ GCJ23

Weekly – In the December 2022 uptrend. Trade pressures are down after breaking support. Volumes are now bullish.

Daily – Long, The 3/8 break down to 1813 allowed for a new long entry. Trade pressures are up. Volumes are bullish..

Near the 1869 overbought levels. Take profits here.
[3/12/23: 1869 profit stop hit.]

A close below 1875 would signal lower. Set the SL here.

Oversold target is 1809.

[3-13-23: Near new 1899 overbought levels. A close below 1906 would trigger a new short trade. Use the 1919 high as the SL, if entered. Oversold target is 1812.]

[3-14-23: Short GCJ23 @ 1906. SL at1919. TP @ 1868]

[3-15-23: After an overnight low of 1889, stopped out with a loss at 1919.]

 

SILVER_ SIK23

Weekly – In the new February 2023 downtrend. Trade pressures are below the uptrend support level. Volumes remain bearish.

Daily – Long. The trend resistance at 20.33 was breeched. Trade pressures are down but rising toward the neutral zone.. Volumes are now neutral.

The break below the support line from the September lows has moved down to test the oversold levels at the mid 19’s. The expected price target is now 21.64 which will be the new longer term entry.

This is a counter-trend trade, so keep stops close at 19.92. Move to BE asap. [3/12/23 move stop to the 20.33 BE.]

[3-13-23 Raise stops to 21.56.]

[3-14-23: Stopped out at 21.56.]

#copperfutures #goldfutures #silverfutures

COPPER_ HGK23

Weekly – In the November 2022 uptrend. Trade pressures are still neutral. Volumes are now bullish.

Daily – Flat. In the move down from the 4.10 on Mar 2nd. Trade pressures are down. Volumes are now bearish.

Still below the 4.12 25×5 MA resistance. The next target down is 4.02. Oversold is expected at 3.94.

A close above 4.09 would signal higher.  Overbought levels will be near 4.27.

 

GOLD_ GCJ23

Weekly – In the December 2022 uptrend. Trade pressures are down after breaking support. Volumes remain bearish.

Daily – Flat, The break above 1833 signaled higher. Trade pressures are up. Volumes are bullish..

looking for a pullback and a change in the weekly pressures to enter long. The next target up is 1887. Overbought levels are 1879.

A close below 1846 would signal lower. Oversold target is 1816.

 

SILVER_ SIK23

Weekly – In the new February 2023 downtrend. Trade pressures have broken the uptrend support level. Volumes remain bearish.

Daily – Flat. The two hour chart is basing. Trade pressures are rising to the neutral zone.. Volumes are now bullish.

Now at the support line from the September lows. A break below will test the mid 19’s.

The close above 21.35 has signaled higher. The expected price target is now 22.30 which will be the new long entry.

#copperfutures #goldfutures #silverfutures

COPPER_ HGK23

Weekly – In the November 2022 uptrend. Trade pressures are still neutral. Volumes are now bearish.

Daily – Flat. In the move down from the 4.10 on Feb 22th. Trade pressures are down. Volumes are now bearish.

Below the 4.12 25×5 MA resistance. The next target down is 3.77. Oversold is expected at 3.98.

A close above 4.02 would signal higher.  Overbought levels will be near 4.25.

 

GOLD_ GCJ23

Weekly – In the December 2022 uptrend. Trade pressures are testing support. Volumes remain bearish.

Daily – Flat, Still in the February 13th short entry from 1852. Trade pressures are down. Volumes remain bearish.

The next target down is 1730. Oversold levels are 1821.

A close above 1833 would signal higher. Overbought target is 1908.

 

SILVER_ SIK23

Weekly – In the November 2022 uptrend. Trade pressures are testing the uptrend support level. Volumes remain bearish.

Daily – Flat. The close below 21.22 signaled profit taking. Trade pressures are down. Volumes are now bearish.

The next target down is 19.90, the oversold level.

A close above 21.35 will signal higher. The expected price target is still 22.20.

#copperfutures #goldfutures #silverfutures

COPPER_ HGH23

Weekly – In the January 2023 uptrend. Trade pressures are still neutral. Volumes are now bullish.

Daily – Long. In the move up from the 4.06 on Feb 17th. Trade pressures are up. Volumes are now bullish..

At the 4.12 upper median line resistance. Overbought levels are at 4.19.

A close below 4.07 would signal lower.  Oversold is expected at 3.98.

 

GOLD_ GCJ23

Weekly – In the January 2023 uptrend. Trade pressures have turned down to test support. Volumes are now bearish.

Daily – Flat, Still in the February 13th short entry from 1852. Trade pressures are down. Volumes are now bearish.

The next target down is 1730. Oversold levels are 1831.

A close above 1823 would signal higher. Overbought target is 1920.

 

SILVER_ SIH23

Weekly – In the December 2022 uptrend. Trade pressures are testing the uptrend support level. Volumes remain bearish.

Daily – Long. The close below 21.22 signaled profit taking. Trade pressures are down. Volumes are now bullish.

The next target down is 19.65, the oversold level.

A close above 21.70 has signaled higher. The expected price target is then 22.20.

 

#copperfutures #goldfutures #silverfutures

COPPER_ HGH23

Weekly – In the January 2023 uptrend. Trade pressures are now neutral. Volumes are now bearish.

Daily – Short. In the move down from the 4.22 short entry on Jan 19. Trade pressures have risen into the neutral zone. Volumes remain bearish.

At the 4.02 target. Oversold levels are at 3.94.

A close above 4.06 would signal higher. Overbought is expected at 4.31.

 

GOLD_ GCJ23

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

Daily – Short, in the February 2nd short entry at 1946. Trade pressures are down. Volumes are now bearish.

The next target down is 1852. Oversold levels are 1859.

A close above 1887 would signal higher. Overbought target is 1968.

[2/13/23: Set SL at 1917.]

[2/16/23 set SL at 1854.]

 

SILVER_ SIH23

Weekly – In the December 2022 uptrend. Trade pressures are up but declining. Volumes are now bearish.

Daily – Short. The close below 22.88 signaled lower. Trade pressures are down. Volumes are bearish.

The next target down is 21.69. Oversold is at 21.22.

A close above 22.25 would signal higher. The expected price target is then 23.88.

[2/13/23: Set SL 22.40. Take profit at 21.22]

[2/16/23 Set SL at 21.81.]

[2/1//23: Profit stop hit at 21.22.]