#copperfutures #goldfutures #silverfutures

COPPER_ HGZ24

Weekly – In the September 2024 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Long. The February 200 day MA support held at 4.23. In the move up from the 4.23 breakout on 9/19.

Trade pressures are up.  Volumes are bullish.

The close above the 4.23 resistance did signal higher. The next target up is 4.74. The expected overbought levels have risen to 4.74.

A close below 4.54 would signal lower. The expected oversold levels rise to 4.20.

 

GOLD_ GCZ24

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

Daily – Flat. The 2597 SL was met on 9/17. Trade pressures remain up.  Volumes are neutral.

The next target up is the prior high at 2708. The expected overbought level are 2599.  Expect consolidation and retracement.

A close below 2665 would signal lower. The expected oversold level remain at 2507.

 

SILVER_ SIZ24

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

Daily –Flat. Stopped out of the long trade at 30.98 on 9/17. Trade pressures are up but declining.  Volumes are neutral.

The next target up is 33.48. Overbought levels are 33.20. Expect consolidation and retracement.

A close below 31.64 would signal lower.  Oversold levels are 28.20.