#copperfutures #goldfutures #silverfutures

COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are now neutral. Volumes remain neutral.

Daily – Long. New long trade at the 3.76 on 7/7.  Trade pressures are neutral and turning up. Volumes are bullish.

The next target up is 3.80. Overbought levels are now 3.90.

A new close below 3.74 would signal lower. The expected oversold levels are now 3.60. SL at 3.74.

[7-10-23: Raise SL to BE at 3.76.]

[7-11-23: Stopped out at BE.]

 

GOLD_ GCQ23

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

Daily – Flat. Still trending down. Trade pressures are neutral. Volumes are are now bullish.

The next target up is 1965. The next overbought levels are 1969.

The next target down is 1921. The expected oversold levels are 1911.

 

SILVER_ SIU23

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

Daily – Long, in a short term break out above 22.98 on 7/7. Trade pressures are now up into the neutral zone. Volumes are Neutral.

The next target up is 23.90.  Overbought levels are 23.86.

A close below 23.00 would signal lower. Oversold levels are expected at 21.69.

SL at 23.00.

[7-12-23: Take Profit at 24.20.]