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COPPER_ HGH25

Weekly – In the September 2024 uptrend; rally took it to resisitance. Trade pressures are up. Volumes are neutral.

Daily – Flat. The retracement down has met the 4.55 downside target. Trade pressures are down.  Volumes remain bearish.

The next target down is 4.41. The expected oversold levels rise to 4.44, take profits there.

A close above 4.69 would signal higher. The expected overbought levels decline to 4.81.

 

GOLD_ GCJ25

Weekly – In the December 2023 uptrend, breaks out of resistance.  Trade pressures are up.  Volumes are now bullish.

Daily – Flat. The first attempt at a short failed. Consolidating between the 2973 and 2908. Trade pressures are up but declining.  Volumes are now bullish.

A close below 2908 would signal lower. The expected oversold level rises to 2884.

A close above 2973 would signal higher. The expected overbought level rises to 2974.

 

SILVER_ SIH25

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

Daily – Flat. In the new move down from the failure to break the 33.24 resistance on 2/14.  Trade pressures are up.  Volumes are neutral.

The next target down remains 31.70. The oversold levels are 31.18.

A close above 33.91 would signal higher. Overbought levels are 33.98.

[Short term trend is 33.11. The break below signals lower.]