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COPPER_ HGH23

Weekly – In the May 2022 downtrend. Trade pressures are neutral. Volumes are bullish.

Daily – Flat. Retracing the move down, now testing the resistance at 3.87. Trade pressures are down. Volumes are neutral.

The next target down is the 3.62 support level. 3.68 would be an oversold level.

A close above the 3.87 resistance would signa higher, but the oversold level is 3.90. be quick to take the profit.

 

GOLD_ GCG23

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

Daily – Flat. In the move up from the 1703 entry on 11/8/22. Trade pressures are up. Volumes are bullish.

The next target up is 1931. The oversold level is 1841; if above this level use as the stop.

A close below1719 would signal lower. 1783 is oversold, so look for a long re-entry between the 1719 and 1783 on any pull back.

 

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 on 11/30. Trade pressures are down into the neutral zone. Volumes are bullish.

The next target up is 25.14.

A close below 22.56 would signal lower.