Author: ChasW

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU25  [Trump adds tariffs 7/30]

Weekly – In the July 2025 downtrend. Trade pressures are down to the median line which should offer support. Volumes are bearish.

Daily – Flat. New punitive trump tariffs on copper crash price for a breakdown below the April Median line.  Trade pressures are down.  Volumes are bearish.

Crash takes price into OS levels. The expected oversold levels decline to 4.33.

Need a close above 4.75 to resume any move up. (Any close above the 4.47 into a new uptrend is an early warning.) The expected overbought levels decline to 5.27.

 

GOLD_ GCZ25

Weekly – In the December 2023 uptrend with support at 3171.  Trade pressures are down.  Volumes remain bearish.

Daily – Long. In the move up from 3363 on 8/1.  Trade pressures are up.  Volumes are bullish.

The next target up is 3456.  The expected overbought level declines to 3357.

A close below 3373 would signal lower. The next target down is 3323. The expected oversold level declines to 3251.

[Set the SL at 3373.]

[8-4-25: Raise the SL to 3392.]

[8-7-25: Raise the SL to 3425.] [after hours. 8-7-25: FED News event, sell on news out at 3502.]

 

SILVER_ SIU25

Weekly – In the December 2023 uptrend. Trade pressures are up but declining.  Volumes remain bullish.

Daily – Short. In the move down from the 37.92 on 7/30. Trade pressures are down.  Volumes remain bearish.

The next target down is 35.93. The oversold levels rise to 36.37.

A close above 37.44 would signal higher.  Overbought levels decline to 38.08.

[8-2-25: Set the SL at 37.39.]
[8-4-25: Stopped out at 37.39.]

S&P 500 Futures

Market Summary:

Copper crashes on new punitive tariffs.  Gold continues down out out of the July bear flag. Silver down off the 38.91 highes.

Crude rallies off the consolidation after the June move down.  Natural Gas move up fails, selling continues.

The US 30yr Treasury rallies after the CPI report on July 17th. The 10yr yields now in the 4.30’s.

The US Dollar did move lower, but now in another long trade.

_________________

S&P 500 Futures   #ESU25

Monthly –Monthly bar another new all time high. Trade pressures remain in the neutral zone, but rising. Volumes closed the month of June as bullish; again on lower volumes.  The 6335 price remains the new adjusted high. The next target up is 6506. A close below 5907 would confirm any weekly move lower.

Weekly – The weekly bar continues above the trendline of the recent highs, which is now acting as support.  Trade pressures are up. Volumes remain bullish.  The next target up is 6536.  A close below 6127 would confirm any daily move lower.

Daily – Flat. Still in the move up from 6082 on 6/24. Stopped out of the long trade at 6267 on 7/7.  Trade pressures are up.  Volumes are neutral.

The next target up is 6526. Still very OB.  The expected overbought level rises to 6426.

A close below the April Trendline at 6230 would signal lower. The expected oversold level rises to 6257.

__________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is rebalanced to start at $100,000 for the 2025 year.

These Navellier Top 5 portfolio stocks closed:
Down 35% for the 2022 Year.
    Up 17% for the 2023 Year.
   Up 42% for the 2024 Year.

Portfolio stock values for 2025. 
The portfolio value is up for the last two weeks, to $141,000.
The Year-to-Date portfolio performance is up 41%.

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU25

Weekly –  In the March 2025 downtrend.  Trade pressures are now up. Volumes are now bearish.

Daily –Long. In the move up from 97.20 on 7/7 and after a pullback to 96.86 in a new move up.. Trade pressures are up.  Volumes are bullish.

The next target up is 101.22. The expected overbought level rises to 99.33.

A close below 97.18 would signal lower. The expected oversold levels rise to 97.01.

 

US30YR T-BOND_ USU25

Weekly – In a new April 2025 uptrend and holds support.  Trade pressures are up.  Volumes remain neutral.

Daily  – Long. In the new moive up from 112-21 on 7/21.  Trade pressures are up.  Volumes are bullish.

The next target up is 115-19. Overbought levels are 114-28.

A close below 113-17 would signal lower  Oversold levels are 112-02.

 

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU25

Weekly – In the June 2025 uptrend, traded lower butnow rising. Trade pressures are in the neutral zone. Volumes remain neutral.

Daily –Long, from the 67.82 breakout on 7/29.  Trade pressures are up.  Volumes are now neutral.

The next target up is 73.61. The expected overbought levels decline to 69.36.

A close below 68.74 would signal lower. The expected oversold level declines to 65.17.

[7-30-25: Set the SL at 68.74.]

 

NAT GAS_ NGU25

Weekly – In the new July 2025 downtrend. Trade pressures are down.  Volumes remain bearish.

Daily – Flat.  The move up failed at 3.67. Trade pressures are down but rising.  Volumes are bearish.

The next target down is 2.31. The expected oversold level declines to 2.87.

A close above 3.35 would signal higher. The expected overbought level declines to 3.36.

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU25  [Trump adds tariffs 7/30]

Weekly – In the July 2025 downtrend. Trade pressures are down. Volumes are neutral.

Daily – Flat. New punitive trump tariffs on copper crash price for a breakdown below the April Median line.  Trade pressures are own.  Volumes are neutral.

Crash takes price into OS and below OS levels. The expected oversold levels rise to 5.41.

Need a close above 4.93 to resume any move up.The expected overbought levels rise to 5.92.

 

GOLD_ GCZ25

Weekly – In the December 2023 uptrend with support at 3151.  Trade pressures are down.  Volumes are now bearish.

Daily – Flat. In the move down from the lower high on 7/23 at 3500.  Trade pressures are down.  Volumes are bearish.

The next target down is 3173. The expected oversold level rises to 3279.

Returned to the uptrend with the move above 3358.  The expected overbought level rises to 3401.

 

SILVER_ SIU25

Weekly – In the December 2023 uptrend. Trade pressures are up but declining.  Volumes remain bullish.

Daily – Short. In the move down from the 37.92 on 7/30. Trade pressures are down.  Volumes are bearish.

The next target down is 35.93. The oversold levels decline to 36.25.

A close above 37.71 would signal higher.  Overbought levels rise to 39.44.

[7-30-25: Set the SL at 37.31.]

 

Navellier Top 5 Stocks for August

High-Growth Investments

Agnico Eagle Mines Ltd.

Agnico Eagle Mines Limited (AEM) is a Canadian mining company that’s focused primarily on gold. It’s the third-largest gold producer in the world, with operations not only in Canada, but also in Australia, Finland and Mexico. For fiscal year 2025, Agnico Eagle Mines expects total gold production between 3.3 million ounces and 3.5 million ounces.

Next week, we’ll have a better picture of whether Agnico Eagle Mines is still on track to achieve this guidance this year. The company is scheduled to announce second-quarter operational and financial results on Wednesday afternoon.

Earnings are forecast to increase 65.4% year-over-year to $1.77 per share. Revenue is expected to grow 30% year-over-year to $2.7 billion. Analysts have increased earnings estimates by 35% in the past three months, which bodes well for a fourth-straight quarterly earnings surprise. AEM is a Conservative buy below $136.

SOM Technicals:

2-28-25: Closed at 96.28. Trade pressures are down. Volumes are bullish. The next target up is 101.45.

3-8-25: Closed at 98.79. Trade pressures are up. Volumes are bullish. The next target up is 101.45.

3-14-25: Closed at 103.60. Trade pressures are up. Volumes are bullish. The next targewt up is 104.49.

3-21-25: Closed at 104.34. Trade pressures are down. Volumes are bullish. The next target down is 101.40.

3-28-25: Clossed at 107.35. Trade pressure are up. Volumes are bearish. The next target down is 105.12.

4-5-25: Closed at 99.48. Trade pressures are down. Volumes are bearish. The next target down is 97.21.

4-12-25: Closed at 117.65. Trade pressures are up. Volumes are bullish. The next target up is 120.

4-18-25: Closed at 121.53. Trade pressures are up but declining. Volumes are bullish. The next target up is 125.94.

4-26-25: Closed at 118.50. Trade pressures are down. Volumes are bearish. The next target down is 112.93.

5-2-25: Closed at 114.85. Trade pressures are down. Volumes are bearish. The next target down is 104.38.

5-10-25: Closed at 117.32. Trade pressures are down but rising. Volumes are bullish. The next target down is 111.59.

5-17-25: Closed at 107.90. Trade pressures are down but rising. Volumes are bearish. The next target down is 100.69.

6-27-25: Closed at 116.12. Trade pressures are down into the neutral zone. Volumes are bearish. The next target down is 105.05.

7-11-25: Closed at 119.88. Trade pressures are up. Voumes are now neutral. The next target down remains 105.05.

7-29-25: Closed at 126.30. Trade pressures are down but rising. Volumes are neutral. The next target up is the resisitance at 128.48.

8-2-25: Closed at 125.31. Trade pressures are rising into the neutral zone. Voumes are bearish. The next target down is 118.08.

8-9-25: Closed at 136.38. Trade pressures are bullish. Volumes are bullish. At resisitance. the next target down is 133.21.

8-16-25: Closed at 133.01. Trade pressures are down. Volumes are bearish. The next target down is 130.36.

8-23-25: Closed at 137.26. Trade pressures are up. Volumes are bullish. The next target up is 143.59.

 

Carpenter Technology Corporation

Carpenter Technology Corporation (CRS) develops specialty alloys, including stainless steel, nickel, cobalt, magnetic iron, powder metals and titanium. So, the company is benefiting from growth in the specialty alloys market, which is anticipated to grow at a 4.3% compound annual growth rate and reach nearly $29 billion by 2031.

Carpenter Technology is scheduled to report results for its fourth quarter and fiscal year 2025 on Thursday morning. Analysts expect fourth-quarter earnings to grow 13.2% year-over-year to $2.06 per share and for revenue to dip 1% year-over-year to $790.73 million. Analysts have increased earnings estimates over the past month, so a fifth-straight quarterly earnings surprise is likely.

For fiscal year 2025, Carpenter Technology is expected to achieve earnings of $7.32 per share and revenue of $2.93 billion. That represents 54.4% annual earnings growth and 6% annual revenue growth. Full-year earnings estimates have also been revised higher in the past two months. CRS is a Moderately Aggressive buy below $318.

SOM Technicals:

12-13-24: Closed at 174.09. Trade pressures are down and trending. Volumes are bearish. The next target down is 150.21.

12-21-24: Closed at 169.97. Trade pressures are down. Volumes are neutral. The next target down remains 150.91.

12-27-24: Closed at 170.66. Trade pressures are up but turning down. Volumes are now neutral. The next target down is 163.00.

1-3-25: Closed at 180.13. Trade pressures are up. Volumes are bullish. The next target up is 182.64.

1-11-25: Closed at 185.96. Trade pressures are up but declining. Volumes are bullish. The next target up is 195.20.

1-18-25: Closed at 206.58. Trade pressures are up. Volumes are  bullish. The next target up is 211.54.

1-24-25: Closed at 210.70. Trade pressures are up but declining. Volumes are bullish. The next target up is 213.65.

1-31-25: Closed at 193.06. Trade pressures are down. Volumes are neutral. The next target down is 178.11.

2-8-25: Closed at 187.94. Trade pressures are down. Volumes are bearish. The next target down is 178.41.

2-15-25: Closed at 188.44. Trade presures are down but rising. Volumes are bullish. The next target up is 191.93.

2-21-25: Closed at 195.10. Trde pressures are down. Volumes are bearish. The next target down is 187.98.

2-28-25: Closed at 204.07. Trade pressures are up. Volumes are bullish. Volumes are bullish. The next target up is 208.91.

3-8-25: Closed at 180.26. Trade pressures are down. Volumes are bullish. The next target down is 156.92.

3-14-25: Closed at 183.50. Trade pressures are up. Volumes are neutral. After a low of 165.14, the next target up is 186.82.

3-21-25: Closed at 183.81. Trade pressures are down. Volumes are bullish. The next target down is 176.94.

3-28-25: Closed at 181.28. Trade pressures are down. Volumes are bearish. The next target down is support at 172.30.

4-5-25: Closed at 151.66. Trade pressures are down. Volumes are neutral. The next target down is 138.16.

4-12-25: Closed at 170.88. Trade pressures are up. Volumes are neutral. The next target up is 177.31.

4-18-25: Closed at 170.21. Trade pressures are down. Volumes are bullish. The next target down is 166.51.

4-26-25: Closed at 199.00. Trade pressures are up. Volumes are neutral. The next target up is 216.00.

5-2-25: Closed at 213.01. Trade presures are up. Volumes are bullish. The next target up is 216.00.

5-10-25: Closed at 217.14. Trade pressures are up but declining. Volumes are bullish. The next target down is 197.20.

5-17-25: Closed at 231.88. Trade pressure are up. Volumes are bulish. The next target up is 234.52.

5-24-25: Closed at 230.16. Trade pressures are down. Volumes are bulish. The next target down is 217.83.

6-1-25: Closed at 242.14. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 220.18.

6-7-25: Closed at 248.74. Trade pressures are up. Volumes are bullish. the next target up is 293.40.

6-14-25: Closed at 248.72. Trade pressures are rising in the neutral zone. Volumes are neutral. The next target down is 237.76.

6-21-25: Closed at 253.72. Trade pressures are up. Volumes are bullish. The next target up is 256.52.

6-27-25: Closed at 275.70. Trade pressures are up. Volumes are bullish. The next target up is 293.40.

7-11-25: Closed at 277.98. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 264.23.

7-29-25: Closed at 275.26. Trade pressures are up. Volumes are bullish. The next target up is 290.84.

8-2-25: Closed at 257.76. Trade pressures are down. Volumes are neutral. The next target down is 244.46.

8-9-25: Closed at 248.74. Trade pressures are down. Volumes are bearish. The next target down is 236.83.

8-16-25: Closed at 262.95. Trade pressures are down. Volumes are bearish. the next target down is 230.65.

8-23-25: Closed at 243.89. Tradde pressures are rising into the neutral zone. Volumes are neutral. The next target up is 248.03.

 

Elbit Systems Ltd.

Elbit Systems Ltd. (ESLT) is an Israeli defense contractor, offering a vast portfolio of advanced systems and solutions for ground forces, air and space missions, cyber security, networked warfare, commercial, homeland security, autonomous and naval. Given rising geopolitical tensions, especially in the Middle East, demand for Elbit Systems’ products and solutions is anticipated to remain robust.

Elbit Systems is expected to review results from its second quarter in mid-August. The current consensus estimate calls for earnings to grow 23.6% year-over-year to $2.57 per share and for revenue to rise 16.2% year-over-year to $1.89 billion.

The analyst community has increased earnings estimates 26.6% higher in the past three months. As you know, positive analyst revisions typically precede positive earnings surprises. ESLT is a Conservative buy below $488.

SOM Technicals:

6-27-25: Closed at 434.10. Trade pressures are up into the neutral zone. Volumes are neutral. The next target up is 444.93.

7-11-25: Closed at 447.42. Trade pressures are in the neutral zone. Volumes are bullish. The next target up is 463.46.

7-29-25: Closed at 453.83. Trade pressures are up. Volumes are bullish. The next target up is 463.46.

8-2-25: Closed at 465.01. Trade pressures are up but declining. Volumes are bullish. The next targetup is 476.04. 

8-9-25: Closed at 449.44. Trade pressures are down. Volumes are bearish. The next target down is 412.87.

8-16-25: Closed at 464.00. Trade pressures are down. Volumes are neutral. The next target down is 412.87.

8-23-25: Closed at 450.85. Trade pressures are down. Volumes are bearish. The next target down is 416.63.

 

Howmet Aerospace, Inc.

Howmet Aerospace, Inc. (HWM) is an aerospace company that develops engineered solutions for the aerospace and industrial industries. Specifically, the company focuses on engine products, fastening systems, engineered structures and forged wheels. And the biggest driver to Howmet Aerospace’s top and bottom lines is the commercial aerospace industry. In the first quarter, commercial aerospace revenue rose 9% year-over-year.

Now, Howmet Aerospace plans to post second-quarter results before the stock market opens on Thursday. The consensus estimate calls for earnings of $0.87 per share on $2.01 billion in revenue, which represents 29.9% year-over-year earnings growth and 7% year-over-year revenue growth.

The company has a history of posting positive earnings surprises, as it reported better-than-expected results in the past four quarters. Analysts have increased earnings estimates over the past two months, so another quarterly earnings surprise is likely. HWM is a Conservative buy below $209.

SOM Technicals:

10-28-24: Opened at 102.08. Trade pressures are up. Volumes are bullish. The next target up is 102.88.

11-8-24: Closed at 113.65. Trade pressures are up. Volumes are neutral. The next target up is 115.38.

11-16-24: Closed at 112.01. Trade pressures are down into the neutral zone. Volumes are neutral. The next target down is 108.64.

11-16-24: Closed at 118.44. Trade pressures are up. Volumes are bullish. The next target up is 119.28.

12-06-24: Closed at 118.31. Trade pressures are up but have turned down. Volumes are bullish. The next target up is 120.71.

12-13-24: Closed at 113.43. Trade pressures are down but rising. Volumes are bearish. The next target down is 106.65.

12-20-24: Closed at 110.83. Trade pressures are down. Volumes are bullish. The next target down remains 106.65.

12-27-24: Closed at 111.23. Trade pressures are up but turning down. Volumes are now neutral. The next target down is 106.65.

1-3-25: Closed at 112.76. Trade pressures are up. Volumes are bullish. The next target up is 118.47.

1-11-25: Closed at 112.64. Trade pressures are rising into the neutral zone. Volumes are bullish. The next target up is 118.50.

1-18-25: Closed at 125.30. Trade pressures are up. Volumes are bullish. The next target up is 129.47.

1-24-25: Closed at 127.03. Trade pressures are up but declining. Volumes are bullish. the next target down is 125.00. 

1-31-25: Closed at 126.58. Trade pressures are rising into the neutral zone. Volumes are neutral. The next target down is 122.61.

2-8-25: Closed at 127.70. Trade pressures are up. Volumes are bullish. The next taerget up is 129.47.

2-15-25: closed at 133.42. Trade pressures are up into the neutral zone. volum es are bullish. The next target up is 134.85.

2-21-25: Closed at 129.83. Trade pressures are down. Volumes are bearish. The next target down is 127.37.

3-28-25: Closed at 129.69. Trade pressures are down. Volumes are bearish. Support is at 124.57.

4-5-25: Closed at 112.13. Trade pressures are down. Volumes are neutral. The next target down is 107.72.

4-12-25: Closed at 125.67. Trade pressures are up. Volumes are neutral. The next target up is 136.90.

4-18-25: Closed at 123.23. Trade pressures are down. Volumes are neutral. The next target down is 113.47.

6-27-25: Closed at 183.00. Trade pressures are up. Volumes are bullish. All time highs. The next target up is 202.98.

7-11-25: Closed at 179.68. Trade pressures are in the neutral zone. Volumes are neutral. The next target down is 165.56.

7-29-25: Closed at 189.17. Trade pressures are up. Volumes are bullish. The next target up is 191.61.

8-2-25: Closed at 184.26. Trade pressures are down. Volumes are neutral. The next target down is 179.25.

8-9-25: Closed at 180.75. Trade pressures are rising into the neutral zone. Volumes are bearish. The next target down is 171.31.

8-16-25: Closed at 171.10. Trade pressures are down. Volumes are bearish. The next target down is 157.75.

8-23-25: Closed at 171.00. Trade pressures are down but rising. Volumes are bearish. the next target down is 157.75.

 

Palantir Technologies, Inc.

Palantir Technologies, Inc. (PLTR) specializes in data analysis, as it’s built platforms that integrate, manage and secure data – and then it layers applications on top of these platforms for human-driven, machine-assisted analysis. In addition to data analysis, though, Palantir also has several other platforms: an AI platform, the Foundry platform, the Gotham software platform and the Apollo platform.

Palantir Technologies scheduled its second-quarter earnings release for Monday, August 4. Second-quarter earnings are forecast to increase 55.6% year-over-year to $0.14 per share, up from $0.09 per share in the same quarter a year ago. Analysts’ earnings estimates have remained fairly steady over the past few months.

Second-quarter revenue is anticipated to be driven by robust commercial sales again. Analysts expect total revenue to grow 38.5% year-over-year to $939.29 million, compared to $678.13 million in the same quarter last year. PLTR is a Moderately Aggressive buy below $186.

SOM Technicals:

4-26-25: Closed at 112.70. Trade pressures are up. Volumes are bullish. The next target up is 118.66.

5-2-25: Closed at 124.28. Trade pressures are up. Volumes are bullish. The next target up is 131.06.

5-10-25: Closed at 116.72. Trade pressures are up. Volumes are neutral. The next target up down is 95.62.

5-17-25: Closed at 125.60. Trade pressures are up but declining. Volmes are bullish. The next target down is 118.67.

5-24-25: Closed at 123.31. Trade pressures are down but rising. Volumes are bearish. The next target down is 103.85.

6-1-25: Closed at 131.78. Trade pressures are up. Volumes are bullish. The next target up is 133.49.

6-7-25: Closed at 127.72. Trade pressures are down but rising. Volumes are neutral. The next target down is 105.64.

6-14-25: Closed at 137.60. Trade pressures are up but declining. Volumes are bullish. The next target up is 152.16.

6-21-25: Closed at 137.50. Trade pressures are up but declining. Volumes are neutral. The next target down is 130.04.

6-27-25: Closed at 130.74. Trade pressures are down. Volumes are bearish. The next target down is 118.58.

7-11-25: Closed at 141.95. Trade pressure are up. Volumes are bullish. The next target up is 148.22.

7-29-25: Closed at 156.24. Trade presures are up but showing some divergence. Volumes are bullish. The next target up is 162.93.

8-2-25: Closed at 155.15. Trade pressures are down. Volumes are bearish. The next target down is 146.07.

8-9-25: Closed at 188.96. Trade pressures are up. Volumes are bullish. The next target up is 200.00.

8-16-25: Closed at 177.28. Trade pressures are down. Volumes are bearish. The next target down is 160.36.

8-23-25: Closed at 158.74. Trade pressures are down but rising. Volumes are bullish. The next target up[ is 164.54.

 

S&P 500 Futures

Market Summary:

Copper breaks out to OB resistance.  Gold moves up out of the June bull flag. Silver up sharply at the end of the week. All are inflation trades.

Crude sold down on another tariff volley, but it is an inflation trade also.  Natural Gas in a new move up.

The US 30yr Treasury selling off into the CPI report on July 17th. The 10yr yields now in the 4.40’s.

The US Dollar did move lower, but now in a new long trade.

_________________

S&P 500 Futures   #ESU25

Monthly –Monthly bar new all time high. Trade pressures remain in the neutral zone, but rising. Volumes closed the month of June as bullish; again on slightly lower volumes.  The 6335 price remains the new adjusted high. The next target up is 6512. A close below 5893 would confirm any weekly move lower.

Weekly – The weekly bar breaks above the trendline of the recent highs which is now acting as support.  Trade pressures are up. Volumes remain bullish.  The next target up is 6514.  A close below 6004 would confirm any daily move lower.

Daily – Flat. Still in the move up from 6082 on 6/24. Stopped out of the long trade at 6267 on 7/7.  Trade pressures are up but turning down.  Volumes are neutral.

The next target up is 6389. Still very OB.  The expected overbought level rises to 6311.

A close below the April Trendline at 6254 would signal lower. The expected oversold level rises to 6141.

(Still can buy the dips inside a 200 point move down.)

7-17-25: CPI report expects rise in inflation. maybe less than expected? A market mover, nonetheless.

__________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is rebalanced to start at $100,000 for the 2025 year.

These Navellier Top 5 portfolio stocks closed:
Down 35% for the 2022 Year.
    Up 17% for the 2023 Year.
   Up 42% for the 2024 Year.

Portfolio stock values for 2025. 
The portfolio value is up for the week, to $134,000.
The Year-to-Date portfolio performance is up 34%.

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU25

Weekly –  In the March 2025 downtrend.  Trade pressures are down. Volumes are noe neutral.

Daily –Long. In the move up from 97.20 on 7/7. Trade pressures are up.  Volumes are bearish.

The next target up is 98.61. The expected overbought level rises to 99.08.

A close below 97.18 would signal lower. The expected oversold levels decline to 96.54.

 

US30YR T-BOND_ USU25

Weekly – In a new April 2025 uptrend but fails support.  Trade pressures are down.  Volumes remain neutral.

Daily  – Flat. Second upward channel fails. In the move down from 113.23 on 7/11. Trade pressures are down again into the neutral zone.  Volumes are bearish.

The next target down is 112-12.  Oversold levels are 111.21.

A close above 114-04 would signal higher. Overbought levels are 114-31.

CPI report on 7/17 will release the “coiled energy”.

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLQ25

Weekly – In the June 2025 uptrend, but failed at the upper channel bound. Trade pressures are in the neutral zone. Volumes remain neutral.

Daily –Flat. Attempted a rally but failed and was constrained by the rising trend line support.  Trade pressures are down.  Volumes are now neutral.

In the move up from 67.50. The next target up is 69.19. The expected overbought levels decline to 69.90.

A close below 66.94 wuold signal lower. The expected oversold level declines to 64.61.

 

NAT GAS_ NGQ25

Weekly – In the new July 2025 downtrend. Trade pressures are down.  Volumes are now bearish.

Daily – Flat.  In a new move up from 3.25 on 7-10. Trade pressures are rising to the neutral zone.  Volumes are neutral.

Buy the dip toward the OS. The next target up is 3.91. The expected overbought level declines to 3.57.

A close below 3.21 would signal lower. The expected oversold level declines to 3.14.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU25

Weekly – In the September 2024 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Tariffs on copper squeeze price for a breakout above the January Median line.  Trade pressures are up.  Volumes are neutral.

Now at the new upper bound of the trading range and OB.  The expected overbought levels rise to 5.73.

Support at 5.68. A close below 5.56 would signal lower.  The expected oversold levels rise to 5.14.

 

GOLD_ GCQ25

Weekly – In the December 2023 uptrend with support at 3055.  Trade pressures are down.  Volumes are now neutral.

Daily – Flat. In the move down from the failed breakout on 6/24 at 3382.  Trade pressures are are down.  Volumes are bearish.

Returned to the uptrend with the move above 3333.  The expected overbought level declines 3356.

A close below 3361 would signal lower.  The expected oversold level declines to 3258.

 

SILVER_ SIU25

Weekly – In the December 2023 uptrend. Trade pressures are up.  Volumes remain bullish.

Daily – Flat. In the move up from the 36.32 on 7/10. Trade pressures are up.  Volumes are bullish.

At the next target up of 38.45, well above OB levels.  Overbought levels decline to 38.20.

Look for a backtest of the breakout. A close below 38.82 would signal lower. The oversold levels decline to 37.57.