#copperfutures #goldfutures #silverfutures

COPPER_ HGH25

Weekly – In the September 2024 uptrend; at support. Trade pressures are rising into the neutral zone. Volumes are now neutral.

Daily – Long. 4.08 support holds. Trade pressures are up.  Volumes remain bearish.

Long at 4.13. The next target up is 4.19. The expected overbought levels decline 4.23.

A close below 4.10 would signal lower. The expected oversold levels decline to 4.02.

[Set the SL at 4.10.]

[12-30-24: Stopped out at 4.10]

 

GOLD_ GCG25

Weekly – In the December 2023 uptrend.  Trade pressures are down.  Volumes are now neutral.

Daily – Flat. Met the the 2600 target in this downside move. Trade pressures are up.  Volumes are now neutral.

Moving up off the 2600 downside target. The next target down remains 2501. The expected oversold level rises to 2587.

A close above 2652 would signal higher. The expected overbought level rises to 2690.

 

SILVER_ SIH25

Weekly – Still in the December 2023 uptrend and testing support at 28.00. Trade pressures are down off the neural zone.  Volumes are neutral.

Daily – Flat. In the move up after touching the May Median Line downside support at 29.36. Trade pressures are up.  Volumes are now neutral.

Rejected at 30.59, the 200 day MA. The oversold levels are 29.10.

Need a close above 30.42 to signal higher. Overbought levels are 31.59.