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COPPER_ HGZ24

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

Daily – Flat. In the election hysteresis.  Trade pressures remain in the neutral zone.  Volumes are neutral.

Wait for a long entry around 4.25. The next target up is 4.42. The expected overbought levels have declined to 4.51.

A close below 4.25 would signal lower. The expected oversold levels rise to 4.25.

 

GOLD_ GCZ24

Weekly – In the December 2023 uptrend.  Trade pressures remain up but declining.  Volumes are now neutral.

Daily – Flat. Dropped hard with the dollar rise after the election. In the move up from the 11/7 long entry of 2670. Trade pressures are down into the neutral zone.  Volumes are neutral.

The next target up is 2730, need a breakout of the bull flag at 2691. The expected overbought level are 2825.

A close below 2678 would signal lower. The expected oversold level rises to 2670.

 

SILVER_ SIZ24

Weekly – Still in the December 2023 uptrend.  Trade pressures remain up but declining.  Volumes are bearish.

Daily – Flat. The lower high on 10/30 started a new downtrend. Trade pressures are down.  Volumes are bearish.

The next target down is 29.56. Oversold levels are 30.11.

Need a close above 31.97 to start a new move up. Overbought levels are 33.15.