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COPPER_ HGZ23

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

Daily – Flat. Price breaks below the Lower median line to test the 3.59 prior lows.  Trade pressures are down. Volumes are bullish.

At the next target down is 3.66. The expected oversold levels are 3.62.

A close above 3.74 would signal higher. Expected overbought levels are now 3.83.

 

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 down but rising. Volumes are now bearish.

The 1922 support has held. The next target down is 1903. The expected oversold levels are 1911.

Need a close above 1948 to enter a new long trade. The expected overbought levels are 1967.

 

SILVER_ SIZ23

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

Daily – Long. In the move up from the 23.51 entry, after rallying off the September 2022 trendline. Trade pressures are up. Volumes remain bullish.

Got the close above 23.51 to signal higher. The next target up would be 24.18.  Overbought levels are 26.62.

A close below 23.33 signals lower. The next target down is 21.52,  Oversold levels are expected at 21.27.

Set the SL at 23.33.

 

[9-25-23: Stopped out at the 23.33 level.]