#copperfutures #goldfutures #silverfutures

COPPER_ HGK25

Weekly – In the September 2024 uptrend; continues to test resisitance. Trade pressures remain up. Volumes are bullish.

Daily – Flat. Breaks out of the bull flag at 4.62. Trade pressures are up.  Volumes are neutral.

At upside resisitance at 4.80, the upper median line. Retracing. The next target down is 4.61. The expected oversold levels decline to 4.45.

A close above 4.79 would signal higher. The expected overbought levels rise to 4.81.

 

GOLD_ GCJ25

Weekly – In the December 2023 uptrend, 4 weeks above resistance.  Trade pressures are up but declining.  Volumes are now bullish.

Daily – Flat. Lower highs. Trade pressures are down into the neutral zone.  Volumes are bullish.

A close above 2956 would signal higher. The expected overbought level declines to 2983.

The next target down is 2843. The expected oversold level rises to 2856.

 

SILVER_ SIK25

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

Daily – Flat. Showing lower highs after the move up.  At the 33.50 resisitance. Trade pressures are up but declining.  Volumes are neutral.

The next target down is 31.65. The oversold levels are 31.24.

A close above 32.68 would signal higher. Overbought levels are 33.46.