#copperfutures #goldfutures #silverfutures

COPPER_ HGN26, MHGN26

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

Daily –Short. Breakdown below 6.32 tirggers the short trade on 6-5. Trade pressures are down.  Volumes are bearish.

The next target down is 6.13. The expected oversold levels rise to 6.21.

A close above 6.42 would signal higher.  The expected overbought levels rise to 6.65.

[OB/OS channel is rising.]

[6-6-26: Set a SL for the short at 6.32. Take profit at 6.13.]

[6-7-26: Stopped out at 6.32 for a BE.]

 

 

GOLD_ GCQ26, MGCQ26

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

Daily – Short. In the move down from 4509 on 6/4 amid rising rate expectations. Trade pressures are down.  Volumes are bearish.

The next target down is 4192. The expected oversold level declines to 4405.

A close above 4467 would signal higher.  The expected overbought level declines to 4560.

[OB/OS channel is declining.]  GVX rises to 28.80 – remaining in the investable zone.

[6-9-26: Lower SL to 4392. Take profits at 4192. ]
[6-10-26: Profit Stop 4192 met for a gain.]

 

SILVER_ SIN26

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

Daily – Short. In the new move down from 74.53 on 6/4. Trade pressures are down.  Volumes remain bearish.

The next target down is 65.05   The oversold levels decline to 68

A close above 72.32 would signal higher.  Overbought levels decline to 75.

[OB/OS channel is declining.]

[6-6-26: set the SL for the short entry at 70.27. Take short profits at 65.]

[6-9-26: Profit stop at 65 met for a gain.]