#copperfutures #goldfutures #silverfutures

COPPER_ HGN26, MHGN26

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

Daily – Flat. In the new move up from 6.03 on 5/1. Trade pressures are down, but rising.  Volumes remain neutral.

The next target up is 6.08. The expected overbought levels decline to 6.15.

A close below  5.86 would signal lower. The expected oversold levels decline to 5.81.

[OB/OS channel is declining.]

[5-1-26: Stopped out at 6.03.] [Enter long on price improvement towards 5.86.]

 

GOLD_ GCM26, MGCM26

Weekly – In the December 2023 uptrend, near support.  Trade pressures are down. Volumes are bearish.

Daily – Flat. The move down from 4796 on 4/19 is basing. Trade pressures are down.  Volumes are now neutral.

The next target down is 4549, take any short profit on a move toward that level. The expected oversold level declines to 4589.

A close above 4687 would signal higher. The expected overbought level declines to 4721.

[OB/OS channel is declining.]  GVX rises to 26.40 – remaining in the investable zone.

 

SILVER_ SIN26

Weekly – In the December 2023 uptrend. Trade pressures are down into the neutral zone.  Volumes remain neutral.

Daily – Flat. A break out above the bull flag trendline at 74.40 forces a stop of any down trade.  Trade pressures are now up.  Volumes remain bearish.

The next target up is 80.67. Overbought levels decline to 80.78.

A close below 72.68 would signal lower. The oversold levels decline to 69.98.

[OB/OS channel is declining.]

[5-1-26: weekly and daily don’t agree.No trade]