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COPPER_ HGK24

Weekly – Remains in the December 2023 uptrend. Trade pressures are now up. Volumes remain  bullish.

Daily – Flat. Reached the 3.92 target. Now in a pullback to the 3.86 level.  Trade pressures are up.  Volumes are bearish.

The next target down is 3.84.  The expected oversold levels are 3.84.

A close above 3.90 would signal higher. The expected overbought levels are 3.99.

 

GOLD_ GCJ24

Weekly – In the December 2023 uptrend.  Trade pressures are up.  Volumes are bullish.

Daily – Flat. The break out of the top band of the channel at 2053 has carried price to 2200.  Trade pressures are up.  Volumes remain bullish.

Thru the next target up at 2073. The expected overbought level is 2253.

A close below 2159 would signal lower.  The expected oversold level is 2103.

 

SILVER_ SIH24

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

Daily – Long. The break above the down trend line for a new long entry at 23.24 has now reached the 24.75 target.  Trade pressures are up.  Volumes remain bullish.

The next target up is 25.35.  Overbought levels are 26.46.

A close below 24.38 would signal lower.  Use 24.38 as the SL.  Oversold levels remain 21.82.

[3-12-24: Stopped out for a gain at 24.38.]