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COPPER_ HGZ23

Weekly – In the May 2023 downtrend. Trade pressures have broken down. Volumes is now neutral.

Daily – Flat. Pulled back to just above the 3.51 downside target.  Trade pressures are down. Volumes are bearish.

Need a close above the 3.65 level to enter a new long trade. The expected overbought levels are 3.75.

A close below  3.55 would signal lower. Expected oversold levels are now 3.45.

 

GOLD_ GCZ23

Weekly – In the new August 2023 downtrend, breaking the support levels. Trade pressures are now up. Volumes remain bullish.

Daily – Flat. Profit stop triggered at 1983. Trade pressures remain up. Volumes remain bullish.

A new long entry would be signaled with a close above 2008. The next target up is 2081 with median line resistance at 2019 and 2033; and the expected overbought levels are now 2025.

A close below 1944 would signal lower. The expected oversold levels are 1937.

 

SILVER_ SIZ23

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

Daily – Flat. Still in the move up from the 21.63 signal. Trade pressures are down. Volumes are now neutral.

The expected resistance at 23.88, the median line, and the 200 day MA did turn price down. The next target up remains 23.99 and could signal a new long entry. Overbought levels are still 24.74.

A close below 22.70 signals lower.  Oversold levels are expected at 22.01.