#copperfutures #goldfutures #silverfutures
COPPER_ HGU25
Weekly – In the September 2024 uptrend. Trade pressures are up. Volumes are bullish.
Daily – Flat. Long trade from 4.81 on 6/20 was closed at rollover. Trade pressures are up. Volumes remain bullish.
Now at the upper bound of the trading range and OB. A breakout would taerget 5.35. The expected overbought levels rise to 5.10.
Support at 4.86. A close below 4.83 would signal lower. The expected oversold levels rise to 4.78.
GOLD_ GCQ25
Weekly – In the December 2023 uptrend with support at 3048. Trade pressures are down. Volumes are now bearish.
Daily – Flat. In the move down from the failed breakout on 6/24 at 3382. Trade pressures are are down. Volumes are bearish.
The next target down is 3268 The expected oversold level declines to 3322.
A close above 3307 would signal higher. The expected overbought level declines to 3432.
[6-30-25: Long at 3312. SL 3314.]
[7-3-25: Raise the SL to 3337.]
[7-6-25: Stopped out at the 3337 SL.]
SILVER_ SIU25
Weekly – In the December 2023 uptrend. Trade pressures are up. Volumes remain bullish.
Daily – Flat. At the lower bound of the new upward channel. Trade pressures are down. Volumes are bearish.
A close above 36.32 would signal higher. The next target up would be 36.73. Overbought levels decline to 37.43.
A close below 35.94 would signal lower. The oversold levels decline to 35.28.