Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH26

Weekly – In the October 2025 uptrend, retesting the high. Trade pressures are up. Volumes are bullish .

Daily – Long. In the move up after breaking up from the move down at 5.82. Trade pressures are down.  Volumes closed bearish.

The nxt target up is 6.09. The expected overbought levels rise to 6.16.

A close below 5.74 would signal lower. Tested this level but did not close below. The expected oversold levels stay at 5.72.

[OB/OS channel is rising.]

[1-24-26: Set a long SL at 5.74.]
[1-26-26: Raise the SL to 5.89.]
[1-29-26: Raise the SL to 6.22.] [1-29-26: Stopped out at 6.22.]

 

GOLD_ GCG26

Weekly – In the December 2023 uptrend intact with new highs at 4991.  Trade pressures remain up.  Volumes remain bullish.

Daily – Long. In the new move up from 4618 with the BO on 1/19.  Trade pressures are up.  Volumes remain bullish.

The next target up is 4996.  The expected overbought level rises to 4967.

A close below 4959 would signal lower.  The expected oversold level rises to 4696.

[OB/OS channel is rising.]

[1-24-26: Set the SL at 4959.]

[1-26-26: Raise the SL to 4998.]

[1-29-26:Take profits at  5390.]

 

SILVER_ SIH26

Weekly – In the December 2023 uptrend, and again, new All Time Highs. Trade pressures remain up.  Volumes remain bullish.

Daily – Flat. in a new move up from 95.15 on 1/22/26. Above the OB levels. Trade pressures are up.  Volumes remain bullish.

New high at 117.70. Overbought levels rise to 99.50.

A close below 84.84 would signal lower, which is below –>. The oversold levels rise to 94.30

[OB/OS channel is rising.]

[1-24-26: Close any longs. Expect selling.]