#copperfutures #goldfutures #silverfutures

COPPER_ HGZ24

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

Daily – Flat. The close below 4.54 on 9/30 stopped out the long trade.  Trade pressures are up.  Volumes are bullish.

The next target up is 4.79. The expected overbought levels have risen to 4.75.

A close below 4.47 would signal lower. Expect consolidation and retracement. The expected oversold levels rise to 4.35.

 

GOLD_ GCZ24

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

Daily – Short. In the move down from the 2665 entry level on 10/8. Trade pressures are down into the neutral zone.  Volumes are bearish.

The close below 2665 signaled lower. The next target down is 2620. Expect consolidation and retracement. The expected oversold level rises to 2628.

A close above 2672 would signal higher. The expected overbought level are 2599.

[10-8-24: Short. SL at 2649. Take profits at 2620.]

[10-10-24: Short Profit stop at 2620 met. then a 20 point rally off the lows]

 

SILVER_ SIZ24

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

Daily – Flat. Still in the 9/12 move up. Expect consolidation and retracement from the overbought levels. Trade pressures are up.  Volumes are bullish..

The next target up is 33.15. Overbought levels are 33.31.

A close below 31.96 would signal lower.  Oversold levels are 30.57.

[10-8-24: Short at 31.96. SL is 31.29.] [At oversold levels, now. ]

[10-10-24: SL met at 31.29.]