#copperfutures #goldfutures #silverfutures

COPPER_ HGH25

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

Daily – Flat. The 4.41 target, the OB level and the 200 day MA coincide and provide resistance. Trade pressures are up.  Volumes remain bearish.

The next target up is 4.50, but at the OB levels now. The expected overbought levels rise to 4.50.

A close below 4.32 would signal lower. The expected oversold levels rise to 4.15.

 

GOLD_ GCG25

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

Daily – Flat. Closed above the 2718 level for a new upside move. Trade pressures are up.  Volumes are bullish.

The next target up is 2792. But the OB is still showing lower highs, so no trade. The expected overbought level rise to 2766.

A close below 2716 would signal lower. The next target down is 2676. The expected oversold level rises to 2642.

 

SILVER_ SIH25

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

Daily – Flat. In the the move up from 30.86 on 1/9. The November trendline at 31.95 on 1/16 has provided resistance.  Trade pressures are up.  Volumes are now neutral.

The next target up is 32.79. Overbought levels are 32.28.

A close below 30.55 would signal lower. The oversold levels are 28.79.