#copperfutures #goldfutures #silverfutures

COPPER_ HGK25

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

Daily – Short. In retracement from the 5.37 high. Short from the 5.16 entry today. Trade pressures are down into the neutral zone.  Volumes are neutral.

The next target down is 4.95. The expected oversold levels rise to 4.92.

A close back above 5.18 would signal higher. The expected overbought levels rise to 5.30.

[3-28-25: Set the SL at 5.17]

[3-31-25: Lower SL to 5.07]

[4-2-25: Stopped out at 5.07.]

 

GOLD_ GCM25

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

Daily – Flat. Taking profit at the April contract rollover to June. June closes at 3114. Trade pressures are up.  Volumes remain bullish.

The next target up is 3192. The expected overbought level declines to 3088.

A close below 3108 would signal lower. The expected oversold level rises to 2990.

 

SILVER_ SIK25

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

Daily – Short. Rallied with Gold to 35.29, now selling off. Short from 35.03 today.  Trade pressures are up.  Volumes are bearish.

The next target down is 34.26  The oversold levels rise to 32.96.

A close above 35.04 would signal higher. Overbought levels rise to 35.66.

[3-31-25: Stopped out at the 35.04 level.]