#copperfutures #goldfutures #silverfutures

COPPER_ HGU25

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

Daily – Flat. Long trade from 4.81 on 6/20 was closed at rollover.  Trade pressures are up.  Volumes remain bullish.

Now at the upper bound of the trading range and OB. A breakout would taerget 5.35.  The expected overbought levels rise to 5.10.

Support at 4.86. A close below 4.83 would signal lower.  The expected oversold levels rise to 4.78.

 

GOLD_ GCQ25

Weekly – In the December 2023 uptrend with support at 3048.  Trade pressures are down.  Volumes are now bearish.

Daily – Flat. In the move down from the failed breakout on 6/24 at 3382.  Trade pressures are are down.  Volumes are bearish.

The next target down is 3268 The expected oversold level declines to 3322.

A close above 3307 would signal higher. The expected overbought level declines to 3432.

[6-30-25: Long at 3312. SL 3314.]

[7-3-25: Raise the SL to 3337.]

[7-6-25: Stopped out at the 3337 SL.]

 

SILVER_ SIU25

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

Daily – Flat. At the lower bound of the new upward channel. Trade pressures are down.  Volumes are bearish.

A close above 36.32 would signal higher. The next target up would be 36.73. Overbought levels decline to 37.43.

A close below 35.94 would signal lower. The oversold levels decline to 35.28.