#copperfutures #goldfutures #silverfutures

COPPER_ HGN23

Weekly – Now in a new May 2023 downtrend. Trade pressures are now up. Volumes are bullish.

Daily – Long. The new long entry was at 3.82 on 6/20. Stopped out 6/23 at BE; looking for a new long entry. Trade pressures are now down. Volumes are bearish.

The next target up is still 4.09. Overbought levels are now 3.87.

A new close below 3.72 would signal lower. The expected oversold levels are now 3.60.

 

GOLD_ GCQ23

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

Daily – Long. Reversed the short at 1930, the oversold levels on 6/23. Trade pressures are down. Volumes are are now bearish.

The next target up is 1946. The next overbought levels are 1996.

The next target down is 1905; well below the expected oversold levels at 1933.

 

SILVER_ SIN23

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

Daily – Flat. In the second leg down from the 23.50 short entry on 6/20. Trade pressures are now down. Volumes are bearish.

The next target down is 21.56.  Oversold levels are 21.19.

A close above 22.59 would signal higher. Overbought levels are expected at 23.31.