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COPPER_ HGZ24

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

Daily – Flat. In the move up from  the 4.41 low pivot on 10/9.  Trade pressures are up into the neutral zone.  Volumes are bearish.

The next target up is 4.54. The expected overbought levels have declined to 4.71.

A close below 4.28 would signal lower. Expect consolidation and retracement. The expected oversold levels remain at 4.35.

Look for a long entry above 4.50, or a touch of the 200 day MA at 4.29.

 

GOLD_ GCZ24

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

Daily – Flat. successful short reverses to long on 10/10. Trade pressures are up.  Volumes are bullish.

The close above 2669 signals higher. The expected overbought level are 2695.

A close below 2626 would signal lower. The expected oversold level decline to 2608.

 

SILVER_ SIZ24

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

Daily – Flat. The short was covered at 31.29 and now in a new uptrend. Trade pressures are up.  Volumes are bearish.

No trade. The next target up is 32.18. Overbought levels are 32.51.

A close below 31.25 would signal lower.  Oversold levels are 30.75.