#copperfutures #goldfutures #silverfutures
COPPER_ HGU25
Weekly – In the July 2025 downtrend. Trade pressures are down. Volumes remain neutral.
Daily – Flat. In a new up trend above 4.45. Trade pressures are up into the neutral zone. Volumes are are now bearish.
Need a close above 4.49 to resume any move up. (The > 4.47 close remains as an early warning.) The expected overbought levels decline to 4.55.
The next target down is the prior support at 4.42. The expected oversold levels rise to 4.36.
The OB/OS levels are narrowing, which could presage a breakout in either direction.
GOLD_ GCZ25
Weekly – In the December 2023 uptrend with support at 3177. Trade pressures are down. Volumes are remain neutral.
Daily – Long. FED interest rate comments send Gold higher. 3402 was the new long trade signal. Trade pressures are up. Volumes are bullish.
The next target up is 3458. The expected overbought level declines to 3379.
A close below 3380 would signal lower. The expected oversold level declines to 3300.
[Set the SL at 3402, the BE.] [ TP at 3466.]
[8-25-25: SL met in the post market. Out at a BE.]
SILVER_ SIU25
Weekly – In the December 2023 uptrend. Trade pressures are in the neutral zone. Volumes remain bullish.
Daily – Flat, Short trade out at BE and at the upside target on FED rate news. Trade pressures are up. Volumes remain bullish.
The next target up is 39.32. Overbought levels decline to 38.66.
A close below 37.84 would signal lower. The oversold levels rise to 37.48.