Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ25

Weekly – In the October 2025 uptrend. Trade pressures are up, but declining. Volumes remain neutral.

Daily – Flat. Stopped out of Long in a pullback below 4.97 level. Trade pressures remain down, but rising.  Volumes remain bearish.

The enxt target down is 4.94 support. The expected oversold levels decline to 4.84.

A close above 5.01 would signal higher. The expected overbought levels rise to 5.26.

[OB/OS channel is widening.]

 

GOLD_ GCZ25

Weekly – In the December 2023 uptrend and coming off resistance.  Trade pressures remain up, but declining.  Volumes are neutral.

Daily – Flat. In a narrowing consolidation off the 3901 low on 10/28.  Trade pressures are up.  Volumes remain bearish.

A close above 4011 would signal higher, but nearby OB levels say, “wait”. The expected overbought level declines to 4097.

Support is 3988. The expected oversold level rises to 3910.

[OB/OS channel is narrowing.]

 

SILVER_ SIZ25

Weekly – In the December 2023 uptrend. Trade pressures remain up, but are turning down.  Volumes remain neutral.

Daily – Flat. In the move up from 47.41 on 11/5. Trade pressures are up.  Volumes are bullish.

The next target up is 48.67.  Overbought levels rise to 49.11.

The next target down is 45.81. The oversold levels rise to 46.60.

[11-8-25: No trade. Need to test 47.70 support first.]

[OB/OS channel is rising.]