#copperfutures #goldfutures #silverfutures

COPPER_ HGH24

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

Daily – Long. In the move up from 3.73 on 2/15.  Trade pressures are up.  Volumes are bullish.

The next target up is 3.86.  The expected overbought levels are 3.81.

A close below 3.78 would signal higher. The expected oversold levels are 3.64.

Use 3.78 as the SL.

[2-20-24: Set the profit stop at 3.88.] [2-21-24: Stopped out for a gain.]

 

GOLD_ GCJ24

Weekly – In the December 2023 uptrend.  Trade pressures are in the neutral zone.  Volumes remain bearish.

Daily – Flat. back in and down at the bottom band of the channel.  Trade pressures are down but rising.  Volumes are now neutral.

The next target up is 2073. The expected overbought level is 2063.

Lower. The next target down is 1952.  The expected oversold level is 1992.

[2-13-24: Inflation surprises to the upside. 10yr yields up, Dollar up, Gold down.]

US dollar consolidating.

 

SILVER_ SIH24

Weekly – In the December uptrend, but down near support.  Trade pressures are down but rising into the neutral zone.  Volumes are bullish.

Daily – Long. Breaks above the Dec trend line and is now in the move up from 23.25 on 2/16.  Trade pressures are up.  Volumes are now bullish.

The next target up is the 24.54 long entry.  Overbought levels are 26.25.

A close below the LML at 22.30 would resume the downtrend.  Oversold levels remain 21.62.

Use 22.79 as the SL.

[2-21-24: Stopped out at the SL for a loss.]