#copperfutures #goldfutures #silverfutures

COPPER_ HGH25

Weekly – In the September 2024 uptrend; holding support. Trade pressures are rising just below the neutral zone. Volumes are now bearish.

Daily – Long. Stopped out at the 4.10 level but re-enter at 4.07. Trade pressures are down but rising.  Volumes are now bullish.

New long at 4.07 (1/5). The next target up is 4.13. The expected overbought levels decline 4.19.

A close below 4.02 would signal lower. The expected oversold levels decline to 3.97.

[1-6-25: At the OB levels. Take profits at 4.18. Look for a retracement toward the OS to re-enter.]

 

GOLD_ GCG25

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

Daily – Flat. The 2600 target is support in this downside move. Trade pressures are up.  Volumes are now neutral.

A close below 2639 would signal lower. The next target down remains 2501. The expected oversold level rises to 2599.

A close above 2681 would signal higher. But the OB is too close, so no trade. The expected overbought level declines to 2674.

 

SILVER_ SIH25

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

Daily – Flat. Still in the move up after touching the May Median Line, downside support at 29.36. Trade pressures are up.  Volumes remain neutral.

Trading in between the down sloping June median line and the 200 day MA at 30.65. The oversold levels are 29.36.

Need a close above 30.65 to signal higher. Overbought levels are 31.14.