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COPPER_ HGU23

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

Daily – Long. Stopped out at 3.90 for a small gain.  Trade pressures are down but turning up. Volumes are bearish.

The next target down is 3.61.  Oversold levels are now 3.70.

A close above 3.91 would signal higher. The expected overbought levels are now 3.3.96.

 

GOLD_ GCZ23

Weekly – In the December 2022 uptrend. Still testing the support levels. Trade pressures are back down into the neutral zone. Volumes remain neutral.

Daily – Short. In the move down from the 1981 short signal on 8/2. Trade pressures are now down. Volumes are now bearish.

The next target down is 1927. The expected oversold levels are lower lows at 1928.

Look for a new long at support around 1927. The next target up is 1999. The expected overbought levels are 2012.

 

 

SILVER_ SIU23

Weekly – In the April 2023 uptrend. Trade pressures are down. Volumes are neutral.

Daily – short in the move down from the 24.39 level on 8/2. Trade pressures are down. Volumes are bearish.

The next target down 22.81.  Oversold levels are 22.28.

A close above 23.83 would signal higher. Overbought levels are expected at 24.44.