#copperfutures #goldfutures #silverfutures
COPPER_ HGZ26, MHGZ26
Weekly – In the October 2025 uptrend. Trade pressures remain down. Volumes remain neutral.
Daily –Flat. The 6.36 downside target acts as support. Price moves up into a new uptrend at 6.47 on 10/23. Enter new Long on a pull back to 6.44. Trade pressures remain down. Volumes are now bullish.
The next target up is 6.65. The expected overbought level declines to 6.60.
A close below 6.40 would signal lower. The expected oversold levels decline to 6.30.
[OB/OS channel is declining.]
[10-26-26: Near resistance , look for a pull back t enter Long.]
GOLD_ GCZ26, MGCZ26
Weekly – In the new October 2026 downtrend. Trade pressures remain down. Volumes remain bearish.
Daily – Flat. Selling arrived with the break below 4148. Trade pressures are down. Volumes are bearish.
The next target down is 3760. The expected oversold level declines to 4000.
A close above 4064 would signal higher. The expected overbought level declines to 4174.
[OB/OS channel is declining.] GVX @ 24 = investable. The 30 level would indicate Chop.
[10-24-26: Now trading near the OS, maybe a bounce but trend is down.]
SILVER_ SIZ26
Weekly – In the July 2026 downtrend; breaking support. Trade pressures remain down. Volumes remain bearish.
Daily – Flat. Price breaks 57.00 on 10/21. Trade pressures are down. Volumes are bearish.
The next target down is 51.83, but is well below the OS level. The oversold levels decline to 54.20
A close above 55.17 would signal higher. Overbought levels decline to 59.90
[OB/OS channel is declining.]