Category: Metals

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.]

Metals

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COPPER_ HGN26, MHGN26

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

Daily – Flat. The move up from 6.03 on 5/1 takes price to 6.28. Trade pressures are up.  Volumes are bullish.

The next target up is 6.34. The expected overbought levels rise to 6.33.

A close below 6.19 would signal lower. The expected oversold levels rise to 5.92.

[OB/OS channel is rising.]

[5-8-26: Missed this one.]

 

GOLD_ GCM26, MGCM26

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

Daily – Long. Price moved below 4549 then turned higher. In the move up from 4639 on 5/5. Trade pressures are up.  Volumes are now bullish.

The next target up is 4822. The expected overbought level rises to 4768.

A close below 4670 would signal lower. The expected oversold level declines to 4551.

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

[5-8-26: Set the SL at 4659.]

 

SILVER_ SIN26

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

Daily – Flat. After a retest of the breakout trendline, Silver moved higher on news.  Trade pressures remain up.  Volumes are now bullish.

The next target up is 84.86. Overbought levels rise to 82.9.

A close below 72.68 would signal lower. The oversold levels rise to 70.2.

[OB/OS channel is rising.]

[5-8-26: Nearing the upper channel boundary. Trim,Take profits.]

 

Metals

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COPPER_ HGN26, MHGN26

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

Daily – Flat. In the new move up from 6.03 on 5/1. Trade pressures are down, but rising.  Volumes remain neutral.

The next target up is 6.08. The expected overbought levels decline to 6.15.

A close below  5.86 would signal lower. The expected oversold levels decline to 5.81.

[OB/OS channel is declining.]

[5-1-26: Stopped out at 6.03.] [Enter long on price improvement towards 5.86.]
[5-4-26: Downtrend continues, cancel the long entry.]

 

GOLD_ GCM26, MGCM26

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

Daily – Flat. The move down from 4796 on 4/19 is basing. Trade pressures are down.  Volumes are now neutral.

The next target down is 4549, take any short profit on a move toward that level. The expected oversold level declines to 4589.

A close above 4687 4639 would signal higher. The expected overbought level declines to 4721.

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

[5-4-26: Profit stop at 4549 met. Flat.]

 

SILVER_ SIN26

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

Daily – Flat. A break out above the bull flag trendline at 74.40 forces a stop of any down trade.  Trade pressures are now up.  Volumes remain bearish.

The next target up is 80.67. Overbought levels decline to 80.78.

A close below 72.68 would signal lower. The oversold levels decline to 69.98.

[OB/OS channel is declining.]

[5-1-26: weekly and daily don’t agree.No trade]

[5-4-26: The Friday breakout fails and is now retesting the breakout line. Support is at 71.05.]

 

Metals

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COPPER_ HGK26, MHGK26

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

Daily – Flat. The move up from 5.76 on 4/10 reached 6.13 and turned down. Trade pressures are up, turning down.  Volumes are neutral.

The close below 6.10 did signal lower. The next target down is 5.97. The expected oversold levels rise to 5.91.

A close above 6.07 would signal higher. The expected overbought levels decline to 6.18.

[OB/OS channel is narrowing.]

[4-30-26: Take Profit at 5.92, SL at 6.03. a close above 6.00 would signal higher.]

 

GOLD_ GCM26, MGCM26

Weekly – In the December 2023 uptrend.  Trade pressures are up; holding at the median line. Volumes are bearish.

Daily – Flat. The move down from 4796 on 4/19 continues. Trade pressures are down.  Volumes are bearish.

The next target down is 4693. The expected oversold level declines to 4645.

A close above 4763 would signal higher. The expected overbought level rises to 4891.

[OB/OS channel is widening.]  GVX drops to 25.80 – in the investable zone.

4-30-26: In a new 2hr uptrend at 4622. Buy dips below.]

 

SILVER_ SIK26

Weekly – In the December 2023 uptrend. Trade pressures remain down, but rising.  Volumes remain neutral.

Daily – Flat. In the move down from 79.13 on 4/19.  Trade pressures are down.  Volumes are bearish.

The next target down is 74.31. The oversold levels rise to 73.

A close above 76.95 would signal higher. Overbought levels rise to 84.

[OB/OS channel is rising.]

[4-30-26: Now at 73.50. Attempting a BOut of the bull flag. Be alert.]

 

Metals

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COPPER_ HGK26, MHGK26

Weekly – In the October 2025 uptrend, rallied off support. Trade pressures remain up. Volumes remain bullish.

Daily – Flat. In the move up from 5.76 on 4/10. Trade pressures are up, turning down.  Volumes are neutral.

The next target up is 6.23. The expected overbought levels rise to 6.21.

A close below 5.96 would signal lower. The expected oversold levels rise to 5.62.

[OB/OS channel is rising.]

[4-16-26: Stopped out at 6.03]

 

GOLD_ GCM26, MGCM26

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

Daily – Flat. In the new move up from 4718 on 4/1.  Trade pressures are up.  Volumes are bullish.

The next target up is 5032.  The expected overbought level rises to 4876.

A close below 4796 would signal lower. The expected oversold level rises to 4657.

[OB/OS channel is rising.]  GVX drops to 28.90 – in the investable zone.

 

SILVER_ SIK26

Weekly – In the December 2023 uptrend. Trade pressures remain down, but rising.  Volumes remain neutral.

Daily – Flat. At the downtrend resistance at 81.61. Trade pressures are up.  Volumes remain bullish.

The next target up is 81.48. Overbought levels rise to 77.

A close below 79.13 would signal lower. The oversold levels rise to 69.

[OB/OS channel is rising.]

[4-15-26: Set the SL at 77.04.] [4-11-26: correction – stopped out the next am session at 74.36.]

Metals

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COPPER_ HGK26

Weekly – In the October 2025 uptrend, rallied off support. Trade pressures are up. Volumes are bullish.

Daily – Long. In the new move up from 5.76 on 4/10. Trade pressures are up.  Volumes are bullish.

The next target up is 5.97 6.29. The expected overbought levels rise to 5.81.

A close below 5.77 would signal lower. The expected oversold levels rise to 5.41.

[OB/OS channel is rising.]

[4-15-26: Set the SL at 6.03]

 

GOLD_ GCM26

Weekly – In the December 2023 uptrend.  Trade pressures are down but rising to the neutral zone.  Volumes are now neutral.

Daily – Flat. In the new move up from 4718 on 4/1. No trade, OB/OS trending lower.  Trade pressures are up.  Volumes are bullish.

The next target up is 4737.  The expected overbought level declines to 4435.

A close below 4727 would signal lower. The expected oversold level declines to 4278.

[OB/OS channel is declining.]  GVX drops to 30 – in the investible zone.

 

SILVER_ SIK26

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

Daily – Long. In the move up from 75.69 on 4/10. Trade pressures are up.  Volumes are bullish.

The next target up is 80.04 81.48. Overbought levels rise to 77.

A close below 74.34 would signal lower. The oversold levels rise to 69.

[OB/OS channel is rising.]

[4-15-26: Set the SL at 77.04.]

Metals

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COPPER_ HGK26

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

Daily – Flat. Failed move up, now forming a bull flag. At the 5.31 support. Trade pressures are up.  Volumes remain bearish.

The next target down is 5.41. The expected oversold levels decline to 5.25.

A close above 5.57 would signal higher. The expected overbought levels decline to 5.69.

[OB/OS channel is declining.]

 

GOLD_ GCM26

Weekly – In the December 2023 uptrend; traded below, but closed back above trend.  Trade pressures are down.  Volumes are now bullish.

Daily – Flat. In the new uptrend.  Trade pressures are down, but rising.  Volumes remain neutral.

Moved down and touched the 200 day MA at 4132; then bounced. The expected oversold level declines to 4278.

A close above 4718 would signal higher.  The expected overbought level declines to 4938.

[OB/OS channel is declining.]  GVX rises to 45 – in the chop zone.

 

SILVER_ SIK26

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

Daily – Flat. Move down toward the 200 day MA turned up at 61. Trade pressures are up into the neutral zone.  Volumes remain bearish.

The next target down is 66.42. The oversold levels decline to 65.

A close above 71 would signal higher.  Overbought levels rise to 76.

[OB/OS channel is widening.]

Metals

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COPPER_ HGK26

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

Daily – Flat. In the move down from 5.83 on 3/11. Stopped out of the rally attempt at BE. At the 5.37 support. Trade pressures are down.  Volumes remain bearish.

The next target down is 5.01. The expected oversold levels rise to 5.65.

A close above 5.49 would signal higher. The expected overbought levels decline to 5.78.

[OB/OS channel is narrowing.]

[3-23-26: long at 5.49 SL at 5.43.]

[3-26-26: Stopped out at 5.43.]

 

GOLD_ GCJ26

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

Daily – Flat. Short stopped out at 5027.  Trade pressures are down.  Volumes are now neutral.

The next target down is the 200 day MA at 4150. The expected oversold level declines to 4651.

A close above 4535 would signal higher.  The expected overbought level rises to 5349.

[OB/OS channel is declining.]  GVX is 38 – in the chop zone.

[3-22-26: Neutral volumes suggest short covering.; so, watch for a sharp rally in the downtrend]

 

SILVER_ SIK26

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

Daily – Flat. Near the downside target of 65.55. Trade pressures are down.  Volumes are bearish.

The next target down is 66.42. The oversold levels decline to 68.

A close above 70.26 would signal higher.  Overbought levels decline to 75.

[OB/OS channel is declining.]

 

 

Metals

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COPPER_ HGK26

Weekly – In the October 2025 uptrend. Trade pressures are down into the neutral zone. Volumes are neutral.

Daily – Flat. In the new move down from 5.83 on 3/11.  Trade pressures are down.  Volumes remain bearish.

The next target down is 5.65. The expected oversold levels decline to 5.65.

A close above 5.75 would signal higher. The expected overbought levels decline to 6.00.

[OB/OS channel is declining.]

[3-14-26: Set the SL at 5.74. TP At 5.61.]

[3-16-26: Long at 5.75. Set the SL at 5.75.]

[3-17-26: Stopped out at 5.75.]

 

GOLD_ GCJ26

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

Daily – Short. In the new move down from 5143 on 3/12.  Trade pressures are down.  Volumes are bearish.

The next target down is 4982. The expected oversold level declines to 5020.

A close above 5070 would signal higher.  The expected overbought level declines to 5313.

[OB/OS channel is declining.]  GVX is 32 – at the chop zone.

[3-14-26: Set a SL at 5070.]

[3-16-26: Lower SL to 5027. TP at 4970.]

[3-17-26: Stopped out at 5027.]

 

SILVER_ SIK26

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

Daily – Flat. Near the downside target of 78.89. Trade pressures are down.  Volumes are bearish.

The next target up is 82.60 83.28.  Overbought levels decline to 88.

The next target down is 76.15. The oversold levels rise to 80.

[OB/OS channel is narrowing.]

No trade.

[3-16-26: In a new move up from 80.20. Set the SL to 78.95.]
[3-17-26: Raise the SL to 79.75.][Stopped out at 79.75.]

Metals

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COPPER_ HGK26

Weekly – In the October 2025 uptrend. Trade pressures are down into the neutral zone. Volumes are neutral.

Daily – Flat. In the move down from 5.94 on 3/3.  Trade pressures are down.  Volumes are bearish.

The next target down is 5.69. The expected oversold levels rise to 5.69.

A close above 5.93 would signal higher. The expected overbought levels decline to 6.06.

[OB/OS channel is narrowing.]

[3-6-26: Set the SL at 5.93. TP At 5.69.]

 

GOLD_ GCJ26

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

Daily – Long. In the new move up from 5176 on 3/6.  Trade pressures are down but rising.  Volumes are neutral.

The next target up is 5278.  The expected overbought level rises to 5343.

A close below 5141 trend would signal lower. The expected oversold level rises to 5026.

[OB/OS channel is rising.]  GVX is 34 – still in the chop zone.

[3-6-26: Set a SL at 5141.]

 

SILVER_ SIK26

Weekly – In the December 2023 uptrend. Trade pressures remain in the neutral zone.  Volumes remain bullish.

Daily – Flat. Sold down hard. Trade pressures are down but rising.  Volumes are neutral.

The next target up is 90.49.  Overbought levels rise to 92.

A close below 78.93 would signal lower. The oversold levels rise to 79.

[OB/OS channel is rising.]

No trade.