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COPPER_ HGU23

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

Daily – Long. In the move up from the 3.84 long entry on 7/13.  Trade pressures are up. Volumes are bullish.

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

A new close below 3.77 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 are now up. Volumes are now neutral.

Daily – Long. The signal is now long from the 1965 level on 7/18. Trade pressures are now down. Volumes remain bullish.

now in a pullback for the breakout. Look for a new long at support around 1945. The next target up is the nearby 1965. The next overbought levels are 1991.

The next target down is 1934. The expected oversold levels are 1919.

 

SILVER_ SIU23

Weekly – In the April 2023 uptrend. Trade pressures are remain 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.

The next target up is 26.14.  Overbought levels are 26.00.

In a pullback to support around 24.37. A close below 24.29 would signal lower. Oversold levels are expected at 24.05.