#copperfutures #goldfutures #silverfutures

COPPER_ HGK25

Weekly – In the September 2024 uptrend; breaks above resisitance. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. Breaks above the median line at 4.93. Then breaks above 5.00. Trade pressures are up.  Volumes remain bullish.

Now at the 5.14 upside resisitance and retracing. Short term support at 5.04. The next target down is 4.92. The expected oversold levels rise to 4.75.

A close back above 5.14 would signal higher. The expected overbought levels rise to 5.22.

 

GOLD_ GCJ25 ( Roll to June next week.)

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

Daily – Long. Bull Flag breaks out at 2926 on 3/12. Trade pressures are down.  Volumes are neutral.

The next target up is 3065, the prior high. The expected overbought level rises to 3094.

A close below 2977 would signal lower. The expected oversold level rises to 2932.

[3-21-25: Set the SL at 3000.]

[3-28-25: Raise the SL to 3100.][Correction: rollover. Sell at market, 3089.]

 

SILVER_ SIK25

Weekly – In the December 2023 uptrend. Trade pressures are down, but rising.  Volumes remain bullish.

Daily – Flat. Retracement to 33.36 on 3.21 stops out the trade for a BE.  Trade pressures are down.  Volumes are bearish.

The next target up is 35.17. Overbought levels are 35.17.

A close below 33.36 would signal lower. The oversold levels are 29.15.

[3-24-25: Short at 33.45. SL at 33.82.]

[3-25-25: Stopped out for a loss at 33.82.]