#copperfutures #goldfutures #silverfutures

COPPER_ HGK24

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

Daily – Flat. Reached the 4.16 target and now retracement down.   Trade pressures are down.  Volumes are bearish.

The next target down is 3.96.  The expected oversold levels are 3.94.

Need a close above the 4.05 level to re-start a move up..  The expected overbought levels are 4.21.

 

GOLD_ GCJ24

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

Daily – Flat. The move up spiked to 2225 and then turned down hard thru the short entry of 2181.  Trade pressures are up but declining.  Volumes remain neutral.

The next target down 2137. The expected oversold level is 2141.

A close above 2186 would signal higher.  The expected overbought level is 2199.

 

SILVER_ SIK24

Weekly – In the December 2023 uptrend.  Trade pressures are rising into the neutral zone.  Volumes remain neutral.

Daily – Flat. As with gold, the spike up to 25.97 was met with selling at the resistance line.  Trade pressures are down.  Volumes are bearish.

The next target down is the short entry at 24.88.  Oversold levels are 24.08.

A close above 25.27 would signal higher, but need to break above the resistance line at 25.97.    Overbought levels are 26.47.