#copperfutures #goldfutures #silverfutures

COPPER_ HGN23

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

Daily – Flat, Still testing the 200 day MA as resistance. Trade pressures are up. Volumes are now bullish.

At the overbought level. Overbought levels are now 3.84.

A new close below 3.75 would signal lower. The expected oversold levels are now 3.56.

 

GOLD_ GCQ23

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

Daily – Flat. Interest rates rising stalling any move in gold. Trade pressures are up. Volumes are are now neutral.

The next target down is still 1964 and the expected oversold levels are 1940.

A close above upside resistance at 1978 signals higher. The next overbought levels are 2013.

 

SILVER_ SIN23

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

Daily – Long. the close above 24.26 has triggered the new long trade. Trade pressures are up. Volumes are now bullish.

The next target up is 25.93 with resistance at 25.22. Overbought levels are at 26.67.

A close below 24.21 would signal lower. Use 24.21 as the SL. Oversold levels are expected at 23.32.