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COPPER_ HGH25

Weekly – In the September 2024 uptrend; still testing support. Trade pressures are down but rising to the neutral zone. Volumes remain bearish.

Daily – Flat. Higher highs and higher lows since 11/4. Trade pressures are down.  Volumes are bearish.

A close above 4.26 would still signal higher. The expected overbought levels have risen to 4.25.

A close below 4.09 would signal lower. The expected oversold levels rise to 4.11.

 

GOLD_ GCG25

Weekly – In the December 2023 uptrend.  Trade pressures break support.  Volumes are now bearish.

Daily – Flat, Still in the move down from the 2683 level but inside a longer up move . Trade pressures are down.  Volumes remain bearish.

At 2665 support. The expected oversold level rises to 2627.

A close above 2688 would signal higher. The expected overbought level rises to 2755.

 

SILVER_ SIH25

Weekly – Still in the December 2023 uptrend but has turned down. Support at 28.00. Trade pressures are rising into the neural zone.  Volumes are again bearish.

Daily – Flat. Retesting the rally off the low at the May Median line on 11/29 at 30.09. Trade pressures are down.  Volumes are bearish.

The next target down is 30.39. Oversold levels are 29.39.

A close above 31.56 would signal higher. Overbought levels are 32.48.