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COPPER_ HGU23

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

Daily – Short. In the move down from 3.81.  Trade pressures are down but turning up. Volumes remain bearish.

The 3.61 target.  Oversold levels are now 3.60. The next target down is 3.51.

A close above 3.75 would signal higher. The expected overbought levels are now 3.83.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures are down. Volumes are bearish.

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

Thru the 1927 target. The next target down is 1903. The expected oversold levels are lower lows at 1891.

A close above 1927 would signal a trend change. The expected overbought levels are 1977.

 

SILVER_ SIU23

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

Daily – Short. In the move down from the 24.39 level on 8/2. Trade pressures are down. Volumes remain bearish.

The next target down is 22.32 at the trendline support.  Oversold levels are 20.65.

A close above 22.83 would signal higher. Overbought levels are expected at 23.39.