Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ25

Weekly – In a new October 2025 uptrend. Trade pressures are up. Volumes remain bullish.

Daily – Flat. Broke up an out of the pullback at 4.89 on 10/2. Trade pressures are up.  Volumes are now bullish.

The next target up is 5.16. The expected overbought levels rise to 5.05.

A close below 4.98 would signal lower. The expected oversold levels rise to 4.68.

{Set the SL at 5.00.]

 

GOLD_ GCZ25

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

Daily – Long. In the move up from the mid september pullback at 3721 on 9/22..  Trade pressures are up.  Volumes are bullish.

The next target up is 3952. The expected overbought level rises to 3909.

A close below 3876 would signal lower. The expected oversold level rises to 3765.

[see Silver trade]

 

SILVER_ SIZ25

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

Daily – Flat. Profit stop triggered at 47.41. Trade pressures are up but declining.  Volumes remain bullish.

The next target up is 48.50. Overbought levels rise to 48.34.

A close below 46.96 would signal lower. The oversold levels rise to 45.86.