#copperfutures #goldfutures #silverfutures

COPPER_ HGN23

Weekly – Now in a new May 2023 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Basing. Testing the 200 day MA as resistance. Trade pressures are up. Volumes are now bearish.

touched the overbought level and sold off. Overbought levels are now 3.79.

A new close below 3.69 would signal lower. The expected oversold levels are now 3.52.

 

GOLD_ GCQ23

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

Daily – Flat. Touched the 1939 oversold levels and bounced. Trade pressures are up but turned down. Volumes are bearish.

The next target down is still 1939 and the expected oversold levels are now 1940.

A close above upside resistance at 1984 signals higher. The next overbought levels are 2020.

 

SILVER_ SIN23

Weekly – In the April 2023 uptrend but testing support. Trade pressures are down. Volumes remain bearish.

Daily – Flat. Still retracing the down-move. Trade pressures are up. Volumes are now bullish.

Rallying from the lower median line support at 22.78. Oversold levels are at 22.80.

A close above 24.39 would signal higher. Overbought levels are expected at 24.06.