Category: Metals

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU26, MHGU26

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

Daily –Flat. The breakout at 6.27 on 7/13 was successful. Rallied to the resistance at 6.46. Pulled back to thest the support at 6.18. Trade pressures are down.  Volumes are bullish.

The next target up is 6.41. The expected overbought levels rise to 6.41.

A close below 6.17 would resume the move down. The expected oversold levels rise to 6.05.

[OB/OS channel is rising.]

[7-20-26:set the SL at 6.17.]

 

GOLD_ GCQ26, MGCQ26

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.  Volumes are bearish.

The close above 4151 signals higher. The next target up is 4235. The expected overbought level declines to 4136.

A close below 3987 would signal lower. The expected oversold level rises to 3942.

[OB/OS channel is narrowing.]  GVX @ 25 = chop zone.

[7-20-26: Don’t want to trade long against the weekly downward pressures. no entry.]

 

SILVER_ SIU26

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

Daily – Short. In the new move down from the 60 trend break on 7/07.  Trade pressures are down, but rising.  Volumes are now neutral.

The next target down is 55.60  The oversold levels decline to 53.

A close above 57.51 would signal higher.  Overbought levels decline to 60.

[OB/OS channel is declining.]

[7-20-26: Set the SL at 57.50.]

Metals

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COPPER_ HGU26, MHGU26

Weekly – In the October 2025 uptrend, selling down to support. Trade pressures are down. Volumes remain bearish.

Daily –Flat. The lower median line parallel failed at the 6.07 support. Attempting a breakout at 6.27. Trade pressures are up.  Volumes are now bullish.

The next target up is 6.46. The expected overbought levels rise to 6.28.

A close below 6.19 would resume the move down. The expected oversold levels rise to 5.96.

[OB/OS channel is rising.]

[7-10-26: Now looking for a new long entry at a break out of 6.27.]

 

GOLD_ GCQ26, MGCQ26

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

Daily – Flat. Consolidating at the 4013 target. Trade pressures are down but rising.  Volumes remain bullish.

The close above 4151 signals higher. The next target up is 4215. The expected overbought level rises to 4198.

A close below 4020 would signal lower. The expected oversold level declines to 3900.

[OB/OS channel is widening.]  GVX @ 28 = chop zone.

[7-10-26: Gold is a preferred asset class in Quad 4 (slowing GDP and slowing inflation). But, don’t want to trade long against the weekly downward pressures or, the rising dollar. no entry.]

 

SILVER_ SIU26

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

Daily – Flat. In a new move up off the 56.13 low pivot on 6/26 is stalling. Trade pressures are down.  Volumes are now bearish.

The next target up is 63.21, and a new long entry. Overbought levels decline to 64.

A close below 60.30 would signal lower.  The oversold levels rise to 56.

[OB/OS channel is narrowing.]

Metals

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COPPER_ HGU26, MHGU26

Weekly – In the October 2025 uptrend, selling down to support. Trade pressures are down. Volumes remain bearish.

Daily –Flat. The lower median line parallel holds support at 6.07. Trade pressures are up.  Volumes are bearish.

The next target down is 6.09. The expected oversold levels decline to 5.84.

A close above  6.22 would signal higher. The expected overbought levels rise to 6.24.

[OB/OS channel is widening.]

[7-3-26: Now looking for a new long entry at a break out of 6.32; weekly permitting.]

 

GOLD_ GCQ26, MGCQ26

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

Daily – Flat. Support now at the 4013 target. Trade pressures are up.  Volumes are bullish.

The close above 4151 signals higher. The next target up is 4215. The expected overbought level declines to 4192.

A close below 4139 would signal lower. The expected oversold level declines to 3908.

[OB/OS channel is declining.]  GVX @ 28 = chop zone.

[7-3-26: Gold is a preferred asset class in Quad 4. But, don’t want to trade long against the weekly downward pressures or, the rising dollar. no entry.]

 

SILVER_ SIU26

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

Daily – Flat. In a new move up off the 56.13 low pivot on 6/26. Trade pressures are up.  Volumes are now bullish.

The next target up is 63.21, and a new long entry. Overbought levels rise to 65.

A close below 61.78 would signal lower.  The oversold levels rise to 55.

[OB/OS channel is rising.]

 

 

Metals

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COPPER_ HGU26, MHGU26

Weekly – In the October 2025 uptrend. Trade pressures are down. Volumes are now bearish.

Daily –Flat. Sold down to the lower median line parallel at 5.99 on 6/24. Trade pressures are down, but rising.  Volumes remain bullish.

The next target down is 6.09. The expected oversold levels decline to 5.84.

A close above  6.22 would signal higher. The expected overbought levels decline to 6.24.

[OB/OS channel is declining.]

[6-27-26: Looking for a new long entry near 6.09, weekly permitting.]

 

GOLD_ GCQ26, MGCQ26

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

Daily – Flat. Lower, new support at the 4013 target. Trade pressures are down.  Volumes are bearish.

The next target down is 4013. The expected oversold level declines to 3921.

A close above 4141 would signal higher.  The expected overbought level declines to 4230.

[OB/OS channel is declining.]  GVX  27.10 –  chop zone.

[6-27-26: Don’t want to trade long against the weekly downward pressures (or, the rising dollar). no entry.]

 

SILVER_ SIU26

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

Daily – Flat. Continues the move down, breaking the 200 day MA. Trade pressures are down, but rising.  Volumes are now bullish.

The next target down is the 52.72.  The oversold levels decline to 53

A close above 60.00 would signal higher. Overbought levels decline to 64.

[OB/OS channel is declining.]

[6-27-26: Very oversold]

Metals

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COPPER_ HGN26, MHGN26

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

Daily –Flat. Pulling back from 6.31 long trade on 6-11. Trade pressures are down.  Volumes remain bullish.

The next target down is 6.22. The expected oversold levels rise to 6.05.

A close above  6.38 would signal higher. The expected overbought levels decline to 6.60.

[OB/OS channel is widening.]

[6-19-26: Looking for a new long entry near 6.22.]

 

GOLD_ GCQ26, MGCQ26

Weekly – In the new June 2026 down trend.  Trade pressures remain down. Volumes remain bullish.

Daily – Flat. Testing the support at 4116; the lower median line parallel. Trade pressures are down.  Volumes remain neutral.

The next target down is 4013. The expected oversold level rises to 4113.

A close above 4467 would signal higher.  The expected overbought level rises to 4416.

[OB/OS channel is rising.]  GVX  27.90 –  chop zone.

[6-19-26: Don’t want to trade long against the weekly downward pressures. no entry.]

 

SILVER_ SIN26

Weekly – In the December 2023 uptrend, testing the 59 support. Trade pressures are down.  Volumes remain bearish.

Daily – Flat. Continues the move down, breaking the 200 day MA. Trade pressures are down, but rising.  Volumes are now bullish.

The next target down is the 63.35 ML parallel, which was tested thursday.  The oversold levels rise to 63

A close above 66.43 would signal higher. Overbought levels rise to 75.

[OB/OS channel is rising.]

[6-19-26: The first attempt (6/15) at a rally; failed.]

Metals

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COPPER_ HGN26, MHGN26

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

Daily –Long. In the new move from 6.31 trade on 6-11. Trade pressures are up.  Volumes are bullish.

The next target up is 6.52.  The expected overbought levels hold at 6.65.

A close below 6.32 would signal lower. The expected oversold levels decline to 6.05.

[OB/OS channel is widening.]

[6-13-26: Set the SL at 6.41.Price up near the OB levels. Need a correction to enter.]

[6-15-26: Still Flat. look for lower.]

 

GOLD_ GCQ26, MGCQ26

Weekly – In the new June 2026 down trend.  Trade pressures remain down. Volumes are now bullish.

Daily – Flat. Basing near the 4046 lows. Trade pressures are down but rising.  Volumes are neutral.

The next target down is 4013. The expected oversold level declines to 4028.

A close above 4467 would signal higher.  The expected overbought level declines to 4329.

[OB/OS channel is declining.]  GVX declines to 26.80 – in the chop zone.

[6-15-26: No pullback no entry.]

 

SILVER_ SIN26

Weekly – In the December 2023 uptrend, testing support. Trade pressures are down.  Volumes are bearish.

Daily – Flat. In the move down, now basing at 67.97, the 200 day MA. Trade pressures are down, but rising.  Volumes remain bearish.

The close above 66.29 did signal higher. The next target up is 70.99, but the weekly is still pointing down. Overbought levels decline to 70.

A close below 65.25 would signal lower.  The oversold levels decline to 58

[OB/OS channel is declining.]

[6-13-26: Wait for a retest. Watch the inflation shift.]

 

Metals

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COPPER_ HGN26, MHGN26

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

Daily –Short. Breakdown below 6.32 tirggers the short trade on 6-5. Trade pressures are down.  Volumes are bearish.

The next target down is 6.13. The expected oversold levels rise to 6.21.

A close above 6.42 would signal higher.  The expected overbought levels rise to 6.65.

[OB/OS channel is rising.]

[6-6-26: Set a SL for the short at 6.32. Take profit at 6.13.]

[6-7-26: Stopped out at 6.32 for a BE.]

 

 

GOLD_ GCQ26, MGCQ26

Weekly – In the December 2023 uptrend, still near support.  Trade pressures remain down. Volumes remain bearish.

Daily – Short. In the move down from 4509 on 6/4 amid rising rate expectations. Trade pressures are down.  Volumes are bearish.

The next target down is 4192. The expected oversold level declines to 4405.

A close above 4467 would signal higher.  The expected overbought level declines to 4560.

[OB/OS channel is declining.]  GVX rises to 28.80 – remaining in the investable zone.

[6-9-26: Lower SL to 4392. Take profits at 4192. ]
[6-10-26: Profit Stop 4192 met for a gain.]

 

SILVER_ SIN26

Weekly – In the December 2023 uptrend, testing support. Trade pressures are down.  Volumes are bearish.

Daily – Short. In the new move down from 74.53 on 6/4. Trade pressures are down.  Volumes remain bearish.

The next target down is 65.05   The oversold levels decline to 68

A close above 72.32 would signal higher.  Overbought levels decline to 75.

[OB/OS channel is declining.]

[6-6-26: set the SL for the short entry at 70.27. Take short profits at 65.]

[6-9-26: Profit stop at 65 met for a gain.]

Metals

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COPPER_ HGN26, MHGN26

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

Daily –Flat. Remains in the move up from 6.35 on 5/22. Trade pressures are up.  Volumes are bullish.

The next target up is 6.58.  The expected overbought levels decline to 6.45.

A close below 6.32 would signal lower. The expected oversold levels rise to 6.20.

[OB/OS channel is narrowing.] Trending, can buy the dip with tight stops.

[5-30-26: Set a SL at 6.32.]

 

GOLD_ GCM26, MGCM26

Weekly – In the December 2023 uptrend, still near support.  Trade pressures remain down. Volumes remain bearish.

Daily – Flat. In the move up from 4535 on 5/24. GDP moving toward stagflation; buy dips toward 4516. Trade pressures are up.  Volumes are bullish.

The next target up is 4751.  The expected overbought level declines to 4601.

A close below 4509 would signal lower. The expected oversold level rises to 4473.

[OB/OS channel is narrowing.]  GVX declines to 23.80 – remaining in the investable zone.

[5-30-26: Set a SL at 4456. Resistance at 4767.]

 

SILVER_ SIN26

Weekly – In the December 2023 uptrend. Trade pressures are down.  Volumes remain neutral.

Daily – Flat. The new move up from 78.04 on 5/24 failed. Trade pressures are down.  Volumes are bearish.

The next target up is 77.90.  Overbought levels rise to 83.

A close below 74.53 would signal lower. The oversold levels rise to 73

[OB/OS channel is rising.]

 

Metals

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COPPER_ HGN26, MHGN26

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

Daily –Long. In the move up from 6.35 on 5/22. Trade pressures are up.  Volumes remain bearish.

The next target up is 6.59.  The expected overbought levels decline to 6.68.

A close below 6.26 would signal lower. The expected oversold levels rise to 6.15.

[OB/OS channel is narrowing.] Trending, tight stops.

[5-23-26: Set the SL at 6.34.] [5-27-26: SL met.]

 

GOLD_ GCM26, MGCM26

Weekly – In the December 2023 uptrend, still near support.  Trade pressures remain down. Volumes remain bearish.

Daily – Long. In the move up from 4535 on 5/24. Trade pressures are up.  Volumes remain bearish.

The next target up is 4591. The expected overbought level declines to 4645.

A close below 4509 would signal lower. The expected oversold level declines to 4413.

[OB/OS channel is declining.]  GVX declines to 23.80 – remaining in the investable zone.

[5-24-26: Set the SL at 4532.]
[5-26-26: Sold for a loss at SL 4532.]

 

SILVER_ SIN26

Weekly – In the December 2023 uptrend. Trade pressures are down.  Volumes are neutral.

Daily – Long. New move up from 78.04 on 5/24. Trade pressures are up.  Volumes are neutral.

The next target up is 82.74.  Overbought levels decline to 79.70.

A close below 76.72 would signal lower. The oversold levels decline to 66.20

[OB/OS channel is declining.]

[5-24-26: Set the SL at 77.83.] [5-25-26: Stopped out for a loss at 77.83.]

 

Metals

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COPPER_ HGN26, MHGN26

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

Daily – Short. In the move down from 6.35. Trade pressures are down.  Volumes are bearish.

The next target down is 6.02. The expected oversold levels rise to 6.10.

A close above 6.35 would signal higher. The expected overbought levels rise to 6.69.

[OB/OS channel is rising.]

[5-18-26: Set the SL at 6.35.]

 

GOLD_ GCM26, MGCM26

Weekly – In the December 2023 uptrend, still near support.  Trade pressures remain down. Volumes remain bearish.

Daily – Flat. Trade stopped out at 4659. Trade pressures are down.  Volumes are now bearish.

The next target down is 4449. The expected oversold level declines to 4524.

A close above 4606 would signal higher. The expected overbought level declines to 4688.

[OB/OS channel is declining.]  GVX holding near 26.40 – remaining in the investable zone.

 

SILVER_ SIN26

Weekly – In the December 2023 uptrend. Trade pressures are down.  Volumes are bearish.

Daily – Flat. Silver rallied to 90; then turned lower with a break below 85. Trade pressures are down.  Volumes are now bearish.

Basing at the 75 level.  The oversold levels rise to 77.

A close above 79 would signal higher.  Overbought levels rise to 96.

[OB/OS channel is rising.]

[5-18-26: Nearing the lower channel boundary.]