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COPPER_ HGU23

Weekly – In the May 2023 downtrend. Trade pressures are now up. Volumes are bullish.

Daily – Long. New long trade at the 3.76 on 7/7 was stopped out at BE.  Trade pressures are up. Volumes are bullish.

The next target up is 4.11. Overbought levels are now 3.96.

A new close below 3.91 would signal lower. The expected oversold levels are now 3.66.

 

GOLD_ GCQ23

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

Daily – Flat. at resistance and still trending down. Trade pressures are up. Volumes remain bullish.

Need a breakout above resistance. The next target up is the nearby 1965. The next overbought levels are 1968.

The next target down is 1951. The expected oversold levels are 1910.

 

SILVER_ SIU23

Weekly – In the April 2023 uptrend and moving off support. Trade pressures are now up. Volumes are bullish.

Daily – Long, The move continues after the break out above 22.98 on 7/7. Trade pressures are up. Volumes are bullish.

Took profit at 24.20 and missed the second leg up. The next target up is 25.47.  Overbought levels are 26.78.

A close below 24.85 would signal lower. Oversold levels are expected at 23.78.