#copperfutures #goldfutures #silverfutures

COPPER_ HGH24

Weekly – Remains in the December 2023 uptrend. Trade pressures rise into the neutral zone. Volumes are now bullish.

Daily – Long. In the move up from the 3.81 long entry on 1/24.  Trade pressures are up.  Volumes are now neutral.

The next target up is 3.92.  The expected overbought levels are 3.94.

A close below 3.82 would signal lower. The expected oversold levels are 3.70.

Set the SL at 3.82.

[1-30-24: Raise the SL to 3.85.]

[1-31-24: stopped out with FED comments at 3.85.]

 

GOLD_ GCJ24

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

Daily – Flat. In the move down from 2085 selling.  Trade pressures are down.  Volumes remain bearish.

in the downward channel. Need a move above 2056 to clear the channel. The expected overbought level is 2056, so not a likely long entry.

A failure at the 2032 200 day MA would signal lower.  The expected oversold level is 2000.

US dollar is in an uptrend.

 

SILVER_ SIH24

Weekly – In the December uptrend but testing support.  Trade pressures are down.  Volumes remain bearish.

Daily – Flat. has traded above the Dec trend line.  Trade pressures are up.  Volumes are now bullish.

The next target up is 23.32.  Overbought levels are 25.98.

A close below the trendline at 22.74 would resume the downtrend.  Oversold levels are 21.62.