#copperfutures #goldfutures #silverfutures

COPPER_ HGN23

Weekly – In the November 2022 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Consolidating at the 3.66 target.. Trade pressures are down but rising. Volumes are bearish.

A the 3.66 target down. Oversold levels are 3.59. Still looking for a move higher at these oversold levels.

A new close above 3.75 would signal higher. The expected oversold levels are now 3.87.

 

GOLD_ GCM23

Weekly – In the December 2022 uptrend. Trade pressures are now down. Volumes remain bearish.

Daily – Short. in the move down from the 2044, the 5/5 short entry. Trade pressures are down. Volumes remain bearish.

The next target down is 1921 and the expected oversold levels are 1953.

A close above upside resistance at 1972 signals higher. The next overbought levels are 2069.

Look for a pull back on Monday to buy. SL will be the Friday lows at 1954.

 

SILVER_ SIN23

Weekly – In the April 2023 uptrend. Trade pressures are now down. Volumes are now bearish.

Daily – Flat. In the move down for the 25.20 level on 5/11. Trade pressures are down but rising. Volumes are now neutral.

At the 23.37 target down. Oversold levels are at 23.61.

A close above 24.96 would signal higher. Overbought levels are expected at 25.49.