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COPPER_ HGH23

Weekly – In the May 2022 downtrend. Still testing the upside resistance. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Flat. Remains in the move down from the 3.82 retest of resistance. Trade pressures are down volumes are bearish.

The next target down is 3.69. 3.61 is the oversold area.

A close above 3.82 would signal higher. Use this as the SL. 3.90 will be the oversold area.

 

GOLD_ GCG23

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

Daily – Flat. In the move up from the 11/8 long entry at 1703. Trade pressures are down. Volumes are now bearish.

The next target up is the prior high at 1836. The overbought area is at 1832.

A close below the short entry at 1785 would signal lower. Over sold area is at 1765.

 

SILVER_ SIH23

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

Daily – Short. In the new move down from the 12/15 short trigger at 23.50. Trade pressures are down. Volumes are bearish.

The next target down is 22.61. Oversold is at 22.46.

A close above 23.65 would signal higher. Use this level as the SL.