Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ26, MHGZ26

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

Daily –Flat. The move up from 6.64 on 8/21 meets resistance at 6.84, the upper median line.
Trade pressures are down.  Volumes are bullish.

In the pull lack from 6.84. Need a close above 6.68 to resume the move up. The expected overbought levels rises to 6.75.

A close below 6.55 would signal lower. The expected oversold levels rise to 6.47.

[OB/OS channel is rising.]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the new August 2026 uptrend.  Trade pressures are up. Volumes remain bullish.

Daily – Flat. The high of 4755 on Tuesday fails and selling begins. Trade pressures are down.  Volumes are bearish.

the close below 4646 did signal lower. The next target down is 4393. The expected oversold level rises to 4399.

A close above 4583 would signal higher. The expected overbought level rises to 4763.

[OB/OS channel is rising.]  GVX @ 25 = investable.

 

SILVER_ SIU26

Weekly – In the June 2026 downtrend. Trade pressures are up.  Volumes remain bullish.

Daily – Flat. In the move down from 68.50 on 8/28.  Trade pressures are up but declining.  Volumes are bearish.

The next target down is 64.72. The oversold levels rise to 69.

A close above 69.12 would signal higher.  Overbought levels rise to 74.

[OB/OS channel is rising.]