#copperfutures #goldfutures #silverfutures

COPPER_ HGN25

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

Daily – Long. Long trade from 4.81 on 6/20.  Trade pressures are up but turning down.  Volumes are  bullish.

Rallied off the 4.71 support. The next target up is 4.86. The expected overbought levels rise to 4.94.

Support at 4.74. A close below 4.70 would signal lower.  The expected oversold levels rise to 4.68.

[6-21-25: Set the SL at 4.74.] [Look for price improvement to enter Long.]

[6-23-25: Long @4.81. Touched 4.90. Raise SL at 4.76.]

[6-26-25: Contract rollover. Sell July contract at 5.06.]

 

GOLD_ GCQ25

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

Daily – Flat. In a new bull flag from 6/15 high pivot.  Trade pressures are up.  Volumes are bearish.

The next target up is 3397, which would be a new long entry. The expected overbought level rises to 3448.

A close below 3367 would signal lower. The expected oversold level rises to 3322.

 

SILVER_ SIN25

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

Daily – Flat. The 36.63 entry for the 6-17 move up has been completely retraced. Trade pressures are down.  Volumes are bearish.

A close above 36.30 would signal higher. The next target up would be 36.64. Overbought levels rise to 37.74.

A close below 35.42 would signal lower. The oversold levels rise to 35.50.