#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.