#copperfutures #goldfutures #silverfutures

COPPER_ HGH25

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

Daily – Long. In the move up from the 4.32 bull flag breakout on 2/4. Trade pressures are up.  Volumes remain bearish.

The next target up is 4.81. The expected overbought levels rise to 4.51.

The next target down is 4.15. The expected oversold levels rise to 4.26.

[2-6-25: Stopped out of the 4.36 trade at 4.43 on a pullback.]

 

GOLD_ GCJ25

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

Daily – Flat. In the move up from the 2782 break out above the January 26th trend line. Trade pressures are up.  Volumes remain bullish.

At the 2909 resistance. The expected overbought level rises to 2934.

A close below 2821 would signal lower. The next target down is 2780. The expected oversold level rises to 2726.

A close below 2869 would signal lower, Set as SL.

 

SILVER_ SIH25

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

Daily – Flat. In the the move up from 31.54 on 1/30 and at resistance.  Trade pressures are down intoi the neutral zone.  Volumes are now bearish.

At the 33.20 target up is 33.30. Overbought levels are 33.24.

A close below 32.11 would signal lower. The oversold levels are 29.72.

[2-8-25: A close below 32.16, the prior low, would signal lower.]