#copperfutures #goldfutures #silverfutures

COPPER_ HGZ26, MHGZ26

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

Daily –Flat. The pullback from the lower high at 6.85 on 8/26 has found support at 6.49 on 9/2.
Trade pressures are up.  Volumes are neutral.

The close above 6.61 on 9/2 has triggered a new move up. But, OB/OS levels are declining – Wait. The expected overbought level declines to 6.75.

A close below 6.58 would signal lower. The expected oversold levels decline to 6.40.

[OB/OS channel is declining.]

[9-5-26: A close above 67 would be a breakout above the upper parallel resistance.]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the new August 2026 uptrend.  Trade pressures are up, but declining. Volumes are now bullish.

Daily – Flat. In the move up from support at 4317 on 9/2. Trade pressures are up.  Volumes are bullish.

The next target up is 4630, which is also resistance. The expected overbought level declines to 4691.

A close below 4383 would signal lower. The expected oversold level declines to 4296.

[OB/OS channel is declining.]  GVX @ 26 = investable. The 30 level would indicate Chop.

 

SILVER_ SIZ26

Weekly – In the June 2026 downtrend. Trade pressures are up, but turning down.  Volumes remain bullish.

Daily – Flat. In the move up from 66.08 on 9/2. OB/OS is declining. Trade pressures are up.  Volumes are bearish.

The next target up is 68.38, with resistance at 67.95.  Overbought levels decline to 69.

A close below 65.50 would signal lower. The oversold levels decline to 62.

[OB/OS channel is declining.]