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COPPER_ HGH23

Weekly – In the May 2022 downtrend. Trade pressures are in the neutral zone. volumes are bullish.

Daily – Flat. In the move down from 3.82, but testing the upper median line resistance at 3.88. Trade pressures are up and extended. Volumes are bullish.

The next target down is 3.62, which would be near the oversold level.

A close above 3.88 would signal higher. Overbought levels are 3.95.

 

GOLD_ GCG23

Weekly – In the July 2022 downtrend. Trade pressures are up, testing the resistance. Volumes are bullish.

Daily – Flat. In the move up from the 1703 entry on 11/8. Trade pressures are up but showing some divergence. Volumes are bullish.

The next target up is the 200 day MA at 1827. Overbought is at 1833.

A close below 1771 would signal lower. the oversold expected level than is 1735.

 

SILVER_ SIH23

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

Daily – Flat. In the move up from the 21.81 level. Trade pressures are up, but showing divergence. Volumes are bullish.

The next target up is 25.14. Overbought is 24.23.

A close below 23.20 would signal lower. Oversold is 22.03.