#copperfutures #goldfutures #silverfutures

COPPER_ HGN23   (rollover to july contract)

Weekly – In the November 2022 uptrend. Trade pressures are turning from the neutral zone. Volumes are now bearish.

Daily – Flat. At the 3.98 downside target and May contract is at rollover. Trade pressures are down. Volumes are bearish.

Sell the May contract.

The next July contract target down is 3.86. Oversold levels are 3.92.

A close above 4.04 would signal higher. The expected oversold levels are 4.12.

[4-24-23: Sold Covered at the 3.96 daily low. Missed the 4/25 crash) ]

 

GOLD_ GCM23

Weekly – In the December 2022 uptrend. Trade pressures are up but rolling over. Volumes are now neutral.

Daily – Flat. Had tested the 1981 support level, then stopped out at the BE, 2022. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 1961 and the expected oversold levels are 1989.

A close above 2005 would signal higher. The next overbought levels are 2053.

 

SILVER_ SIK23

Weekly – Now in the new April 2023 uptrend. Trade pressures are up. Volumes are bearish.

Daily – Flat. Very near a new short entry at 24.99. Trade pressures are down. Volumes are remain bearish.

The next target down is 23.75. Oversold levels are at 21.27.

A close above 25.53. The overbought levels are 23.75.