#copperfutures #goldfutures #silverfutures

COPPER_ HGZ24

Weekly – In the September 2024 uptrend but testing support. Trade pressures are down. Volumes remain bearish.

Daily – Flat. In the move down from the 4.47 level on 10/08. Price break the support at 4.11   Trade pressures are down.  Volumes are bearish.

No long entry. The expected overbought levels have declined to 4.32.

A close below 4.25 would signal lower. The expected oversold levels decline to 3.96.

 

GOLD_ GCZ24

Weekly – In the December 2023 uptrend.  Trade pressures remain up now declining to support.  Volumes are now bearish.

Daily – Flat. In the move down from the 2678 break down. Trade pressures are down.  Volumes are bearish.

A close below 2678 signaled lower. The next target down is 2522. The expected oversold level declines to 2530.

A close above 2595 would signal higher. The expected overbought level is 2798.

 

SILVER_ SIZ24

Weekly – Still in the December 2023 uptrend but turning down.  Trade pressures are down.  Volumes remain 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 28.97.

Need a close above 30.19 to start a new move up. Overbought levels are 31.72.