#copperfutures #goldfutures #silverfutures

COPPER_ HGK24

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

Daily – Long from the 3.92 breakout on 3/12. Reached the 4.08 target and kept moving up.  Trade pressures are up.  Volumes are bullish.

The next target up is 4.33.  The expected overbought levels are 4.08.

Set the SL at 4.08. The next target down is 4.05.  The expected oversold levels are 3.88.

[3-19-24: stopped out for a gain.]

 

GOLD_ GCJ24

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

Daily – Flat. The break out of the top band of the channel at 2053 on 3/1 has carried price to 2203.  Trade pressures are up but declining.  Volumes are neutral.

The next target up is 2220. The expected overbought level is 2206.

A close below 2159 would signal lower to the 2109 support.  The expected oversold level is 2116.

 

SILVER_ SIK24

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

Daily – Long. The back test of the UML at 24.38 results in another move up from 24.45 on 3/13.  Trade pressures remain up.  Volumes remain bullish.

The next target up is 25.80.  Overbought levels remain 26.46.

A close below 24.365 would signal lower.  Use 24.65 as the SL.  Oversold levels are 24.08.

[3-20-24: Raise SL to 24.78.]

[3-22-24: stopped out for a gain.]