#copperfutures #goldfutures #silverfutures

COPPER_ HGH25

Weekly – In the September 2024 uptrend; holding support. Trade pressures are now up. Volumes are now bullish.

Daily – Flat. The re-enter at 4.07 was successful with a profit stop at 4.18. In the move up from 4.20 on 1/8. Trade pressures are up.  Volumes are now bearish.

The next target up is 4.46, but at the OB levels now. The expected overbought levels rise to 4.33.

A close below 4.17 would signal lower. The expected oversold levels rise to 4.05.

 

GOLD_ GCG25

Weekly – In the December 2023 uptrend.  Trade pressures are up.  Volumes are now bullish.

Daily – Flat. Closed above the 2681 level for a new upside move. Trade pressures are up.  Volumes are now bullish.

The next target up is 2761. But the OB is showing lower highs, so no trade. The expected overbought level declines to 2689.

A close below 2693 would signal lower. The next target down is 2652. The expected oversold level rises to 2611.

 

SILVER_ SIH25

Weekly – Still in the December 2023 uptrend and testing the 28.00 support. Trade pressures are up.  Volumes remain neutral.

Daily – Flat. In the new move up after touching the May Median Line. Breaks above the 200 day MA at 30.80. Trade pressures are up.  Volumes are now bullish.

The next target up is 32.019. Overbought levels are 32.79.

A close below 30.52 would signal lower. The oversold levels are 28.31.