#copperfutures #goldfutures #silverfutures

COPPER_ HGU26, MHGU26

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

Daily –Flat. In the second leg up from the pullback to 6.21 on 7/20. Trade pressures are up.  Volumes remain bullish.

The next target up is 6.57. The expected overbought levels rise to 6.59.

A close below 6.43 would resume the move down. The expected oversold levels rise to 6.19.

[OB/OS channel is rising.]

[7-31-26: Look for a pull back to re-enter.]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the June 2026 down trend.  Trade pressures remain down, rising slightly. Volumes remain bearish.

Daily – Flat. Consolidating at 3966 recent trading lows. Trade pressures are down to the neutral zone.  Volumes are bearish.

A close above 4133 signals higher. The next target up is 4182. The expected overbought level declines to 4139.

A close below 4021 would signal lower. The expected oversold level rises to 3991.

[OB/OS channel is narrowing.]  GVX @ 23 = investible.

[7-31-26: Don’t want to trade long against the weekly downward pressures. no entry. Narrowing presages some kind of breakout.]

 

SILVER_ SIU26

Weekly – In the June 2026 downtrend. Trade pressures remain down.  Volumes are now bearish.

Daily – Flat. Consolidating in a narrow range.  Trade pressures are down to the neutral zone.  Volumes are bearish.

A close above 62.00 would signal higher.  Overbought levels decline to 61.

Support is now 56.84.  The oversold levels decline to 54.

[OB/OS channel is declining.]