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COPPER_ HGZ24

Weekly – In the August 2024 downtrend. Trade pressures rise into the neutral zone. Volumes are neutral.

Daily – Flat. In the second leg up from 8/12 at 4.05. Trade pressures are up. Volumes are bullish.

The next target up is 4.36. The expected overbought levels have risen to 4.28.

Support at 4.13, the lower median line parallel. The expected oversold levels rises to 4.06.

 

GOLD_ GCQ24

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

Daily – Flat. 8/8 in new uptrend from 2450. Lower highs. Trade pressures are down into the neutral zone.  Volumes remain bullish..

The next target up is 2584. The expected overbought level has risen to 2575.

A close below 2541 would signal lower. The expected oversold level has risen to 2478.

[8-28-24: Short from 2541 w SL at 2555] [8-29-24: Stopped out at 2555.]

 

SILVER_ SIZ24

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

Daily –Flat. Breaks out of the bull flag at 29.93 on 8/23. Looking for a back test around 29.00 for long trade. Trade pressures are up.  Volumes are bullish.

The next target up is 31.99. Overbought levels are 30.63.

A close below 29.37 would signal lower.  Oversold levels are 27.86.