#copperfutures #goldfutures #silverfutures

COPPER_ HGN25

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

Daily – Long. Tested resisitance at 4.89 and began a retracement of the prior move up.  Trade pressures are down.  Volumes are now neutral.

Took profits on a SL above the OB levels. May consider a new buy, at a break above 4.72. The expected overbought levels rise to 4.83.

A close below 4.66 would signal lower.  The expected oversold levels decline to 4.51.

[6-1-25: Long at 4.71. SL at 4.76]

[6-3-25: 4.76 stop tiggered.]

 

GOLD_ GCQ25

Weekly – In the December 2023 uptrend.  Trade pressures are up, just above the neutral zone.  Volumes remain bullish.

Daily – Short. In the move down from 3352 on 5/27.  Trade pressures are down.  Volumes are bearish.

The close below 3311 on 5/29 signaled lower, but wait for price improvement to enter. The expected oversold level rises to 3186.

A close above 3343 would signal higher. The expected overbought level rises to 3356.

[Set any short SL at 3343.]

[6-2-25: Breaks above the downtrend line at 3344. no trade.]

 

SILVER_ SIN25

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

Daily – Flat. In the bull flag move down from 5/22. Trade pressures are down.  Volumes are bearish.

Need a breakout above 33.58 to restart the move up. Overbought levels rise to 33.78.

A close below 32.78 would signal lower. The oversold levels rise to 29.10.