#copperfutures #goldfutures #silverfutures

COPPER_ HGZ23

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

Daily – Flat. Still bearish but consolidating at the lower median line from 8-17.  Trade pressures are up. Volumes remain bearish.

The next target down is 3.66. The expected oversold levels are 3.71.

A close above 3.83 would signal higher. Expected overbought levels are now 3.90.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures are still up into the neutral zone. Volumes remain bearish.

Daily – Flat. Trade pressures are now up. Volumes are now bullish.

The break down of the LML at 1927 signaled lower. The next target down is 1922, then 1903. The expected oversold levels are the lower lows of 1903.

Need a close above 1949 to enter a new long trade. The expected overbought levels are 1966.

 

SILVER_ SIZ23

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

Daily – Flat. In the move down, but rallied off the September 2022 trendline. Trade pressures are up into the neutral zone. Volumes are bullish.

The close below 23.88 signaled lower, then price moved back above the trendline. The next target down is 21.52,  Oversold levels are expected at 21.27.

Need a close above 23.51 to signal higher. The next target up would be 23.71.  Overbought levels are 26.62.