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COPPER_ HGZ24

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

Daily – Long. At the 200 day / 4.23 resistance. Trade pressures are up.  Volumes are bullish.

The February trendline support held. The expected oversold levels rise to 4.02.

A close above the 4.23 resistance would signal higher. The expected overbought levels have declined to 4.23.
But the overbought level suggests a pullback is likely.

[9-16-24: Missed the morning move up and now at overbought. Wait for a new setup.]

 

 

GOLD_ GCZ24

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

Daily – Long, from the 2547 break on 9-12. Trade pressures are up.  Volumes are bullish.

The next target up is 2620. The expected overbought level has risen to 2599.

A close below 2597 (also the SL) would signal lower. The expected oversold level has risen to 2507.

 

SILVER_ SIZ24

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

Daily –Long. At 31.07, after breaking out again above the UML at 28.91. Trade pressures are up.  Volumes are bullish.

The next target up is 31.99. Overbought levels are 30.61.

A close below 30.32 would signal lower and is the SL.  Oversold levels are 28.19.

[9-16-24: Raise the SL to 30.98]