#copperfutures #goldfutures #silverfutures

COPPER_ HGZ23

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

Daily – Flat. The move up from 3.64 on 10/27 was stopped at the upper ML at 3.7.  Trade pressures are down. Volumes are bearish.

Support is at 3.54, the LML The expected overbought levels remain 3.70.

A close below 3.56 would signal lower. Expected oversold levels are now 3.52.

 

GOLD_ GCZ23

Weekly – In the August 2023 downtrend, testing the resistance levels. Trade pressures are down. Volumes are now bearish..

Daily – Flat. The close below 1968 signaled lower. Trade pressures down. Volumes are bearish.

Closed below the 1939 downside target. The expected oversold levels is 1938. So, expect consolidation.

A new long entry would be signaled with a close above 1983. The expected overbought levels are now 2014.

 

SILVER_ SIZ23

Weekly – In the September 2023 downtrend. Trade pressures are down into the neutral zone. Volumes are now neutral.

Daily – Flat. In the move down from the 22.70 signal, looking for a better short entry. Trade pressures are now down. Volumes are now bearish.

The close below 22.70 signaled lower. Support at 22.05.  Oversold levels are expected at 21.23.

A close above 22.58 would signal higher  The next target up remains 23.99. Overbought levels are still 24.74.