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COPPER_ HGH23

Weekly – In the May 2022 downtrend but testing the resistance. Trade pressures are now up. Volumes are bullish.

Daily – Flat. the break above the 200 day signals higher, look for the back-test. Trade pressures are up. Volumes are bullish.

The next target up is 3.95, now at overbought, so look for consolidation here.

The next target down is the 3.71 resistance.; which is also the oversold level.

 

GOLD_ GCG23

Weekly – Now in the new January 2023 uptrend. Trade pressures are up. Volumes remain bullish.

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

The next target up is 1913. Now above the overbought level at 1866.

A close below 1864 would signal lower, the expected oversold level is 1804.

 

SILVER_ SIH23

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

Daily – Flat. In the December 2022 uptrend. Trade pressures are down but rising. Volumes are bullish.

The next target up is 25.14 and a retest of the 24.77 pivot high.

A close below 22.21 would signal lower.