Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN26, MHGN26

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

Daily –Long. In the move up from 6.35 on 5/22. Trade pressures are up.  Volumes remain bearish.

The next target up is 6.59.  The expected overbought levels decline to 6.68.

A close below 6.26 would signal lower. The expected oversold levels rise to 6.15.

[OB/OS channel is narrowing.] Trending, tight stops.

[5-23-26: Set the SL at 6.34.] [5-27-26: SL met.]

 

GOLD_ GCM26, MGCM26

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

Daily – Long. In the move up from 4535 on 5/24. Trade pressures are up.  Volumes remain bearish.

The next target up is 4591. The expected overbought level declines to 4645.

A close below 4509 would signal lower. The expected oversold level declines to 4413.

[OB/OS channel is declining.]  GVX declines to 23.80 – remaining in the investable zone.

[5-24-26: Set the SL at 4532.]
[5-26-26: Sold for a loss at SL 4532.]

 

SILVER_ SIN26

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

Daily – Long. New move up from 78.04 on 5/24. Trade pressures are up.  Volumes are neutral.

The next target up is 82.74.  Overbought levels decline to 79.70.

A close below 76.72 would signal lower. The oversold levels decline to 66.20

[OB/OS channel is declining.]

[5-24-26: Set the SL at 77.83.] [5-25-26: Stopped out for a loss at 77.83.]

 

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