Category: Metals

Metals

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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.]

Metals

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COPPER_ HGZ26, MHGZ26

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

Daily –Flat. In the move down from 6.68 on 10/14. Trade pressures are down, but rising.  Volumes are now bearish.

The next target down is 6.36. The expected oversold levels decline to 6.41.

A close above 6.64 would signal higher. The expected overbought level declines to 6.71.

[OB/OS channel is declining.]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the August 2026 uptrend, testing support.  Trade pressures remain down. Volumes remain bearish.

Daily – Flat. Moving up off the 4095 downside pivot on 10/14. Trade pressures are up.  Volumes are neutral.

The next target up is 4246.  The expected overbought level declines to 4216.

A close below 4148 would signal lower.  The expected oversold level declines to 4090.

[OB/OS channel is declining.]  GVX @ 22 = investable. The 30 level would indicate Chop.

[10-17-26: Still trading above the OB, expect resistance and possible selling.]

 

SILVER_ SIZ26

Weekly – In the July 2026 downtrend; breaking support. Trade pressures remain down.  Volumes remain bearish.

Daily – Flat. In the counter trend move up off the 55.56 low pivot on 10/14.  Trade pressures are down.  Volumes are bearish.

The next target up is 58.88.  Overbought levels rise to 60.86

A close below 57.50 would signal lower. The oversold levels rise to 55.09

[OB/OS channel is rising.]

 

Metals

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COPPER_ HGZ26, MHGZ26

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

Daily –Flat. The move down from 6.71 on 9/28 was stopped out at 6.64. Look for a pullback into the mid 6’s to enter long. Trade pressures are down, but rising.  Volumes are now bullish.

The next target down is 6.63. The expected oversold levels rise to 6.43.

A close above 6.71 would signal higher. The expected overbought level holds at 6.76.

[OB/OS channel is narrowing.]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the August 2026 uptrend, testing support.  Trade pressures remain down. Volumes remain bearish.

Daily – Flat. The 4140 downside target was met mid-week. In a new move up from 4179 on 10/8. Trade pressures are up.  Volumes are bullish.

The next target up is 4257.  The expected overbought level declines to 4224.

A close below 4182 would signal lower.  The expected oversold level rises to 4100.

[OB/OS channel is narrowing.]  GVX @ 22 = investable. The 30 level would indicate Chop.

[1-10-26: Trading above the OB, expect resistance and possible selling.]

 

SILVER_ SIZ26

Weekly – In the July 2026 downtrend , testing support. Trade pressures remain down.  Volumes remain bearish.

Daily – Flat. Below the 63.00 support level.  Trade pressures are down, but rising.  Volumes are neutral.

The next target down remains 54.27. The oversold levels decline to 55.

A close above 61.50 would signal higher.  Overbought levels decline to 60.

[OB/OS channel is declining.]

[10-10-26: Price at OS. Expect short covering. News driven/”pumped”.]

Metals

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COPPER_ HGZ26, MHGZ26

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

Daily –Short. In the move down from 6.71 on 9/28. Trade pressures are down.  Volumes are bearish.

The next target down is 6.30 and the 200 day MA. The expected oversold levels decline to 6.38.

A close above 6.64 would signal higher. The expected overbought level declines to 6.76.

[OB/OS channel is declining.]

[10-4-26 lower the SL to 6.64.]
[10-5-26: Stoppedout at 6.64.]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the August 2026 uptrend, testing support.  Trade pressures down. Volumes remain bearish.

Daily – Flat. The pullback is creating a bull flag. testing support, but still higher lows. Trade pressures are down.  Volumes are bearish.

The next target down is 4140. The expected oversold level declines to 4054.

A close above 4227 would signal higher.  The expected overbought level declines to 4297.

[OB/OS channel is declining.]  GVX @ 23 = investable. The 30 level would indicate Chop.

 

SILVER_ SIZ26

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

Daily – Flat. Breaks below the 63.00 support level.  Trade pressures are down.  Volumes are bearish.

The next target down is 54.27. The oversold levels decline to 58.

A close above 62.13 would signal higher.  Overbought levels decline to 64.

[OB/OS channel is declining.]

Metals

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COPPER_ HGZ26, MHGZ26

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

Daily –Flat. In a pull back to 6.78. Remains OB. Trade pressures are down.  Volumes are neutral.

The next target up is 6.92. The expected overbought level rises to 6.79.

A close below 6.71 would signal lower. The expected oversold levels rise to 6.40.

[OB/OS channel is rising.]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the new August 2026 uptrend.  Trade pressures down. Volumes are now bearish.

Daily – Flat. The pullback is creating a bull flag. Higher lows. Trade pressures are down.  Volumes are neutral.

The next target down is 4257. The expected oversold level declines to 4224.

A close above 4353 would signal higher.  The expected overbought level declines to 4383.

[OB/OS channel is declining.]  GVX @ 23 = investable. The 30 level would indicate Chop.

 

SILVER_ SIZ26

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

Daily – Flat. Drops further to the 63.00 level.  Trade pressures are down, but rising.  Volumes are neutral.

The next target up is 66.52.  Overbought levels remain at 68.

A close below 63.42 would signal lower. The oversold levels rise to 62.

[OB/OS channel is narrowing.]

Metals

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COPPER_ HGZ26, MHGZ26

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

Daily –Flat. Big move up during the week to 6.74. Now OB. Trade pressures are up.  Volumes are bullish..

The next target up is 6.88. Resistance is at 6.73. The expected overbought level declines to 6.73.

A close below 6.58 would signal lower. The expected oversold levels decline to 6.29.

[OB/OS channel is declining.]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the new August 2026 uptrend.  Trade pressures down. Volumes remain bullish.

Daily – Flat. In the move up from 4274 low pivot on 9/16. Higher lows. Trade pressures are up.  Volumes are bullish.

The next target up is 4502. The expected overbought level declines to 4424.

A close below 4355 would signal lower. The expected oversold level declines to 4250.

[OB/OS channel is declining.]  GVX @ 23 = investable. The 30 level would indicate Chop.

[9-18-26: Gold is sensitive to interest rates. The 10yr yield is coming off the recent high; so any decline in rates could set up a new long for Currency equivalent metals.]

 

SILVER_ SIZ26

Weekly – In the June 2026 downtrend. Trade pressures are down.  Volumes are now bullish.

Daily – Flat. Consolidating at the 66.30 level (resistance).  Trade pressures are up.  Volumes remain bullish.

The next target up is 67.85..  Overbought levels decline to 68.

A close below 65.76 would signal lower. The oversold levels decline to 61.

[OB/OS channel is declining.]

Metals

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COPPER_ HGZ26, MHGZ26

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

Daily –Flat. Did break above the 67 level, but the retest of that breakout failed and price tumbled to support at 6.49 on 9/10.
Trade pressures are down.  Volumes are again neutral.

Now near the OS levels; so may expect a bounce. But the declining weekly cautions against any entry. The expected overbought level rises to 6.84.

A close below 6.58 would signal lower. The expected oversold levels decline to 6.35.

[OB/OS channel is widening.]
[9-13-26: expect increasing volatility.]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the new August 2026 uptrend.  Trade pressures down and declining. Volumes remain bullish.

Daily – Flat. In the move down from 4508 and the 200 day on 8/28. Trade pressures are down.  Volumes are bullish.

The next target down is 4257. The expected oversold level declines to 4276.

A close above 4438 would signal higher. The expected overbought level declines to 4503.

[OB/OS channel is declining.]  GVX @ 25 = investable. The 30 level would indicate Chop.

[9-13-26: Gold is sensitive to interest rates. The 10yr yield is now OB; so any decline in rates would set up a new long for Currency equivalent metals.]

 

SILVER_ SIZ26

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

Daily – Flat. The next target up from 64.42 is 66.30 (resistance).  Trade pressures are downp.  Volumes are bullish.

After the 9/10 drop. now in a new move up off the 63.15 low.  Overbought levels rise to 70.

A close below 63.48 would signal lower. The oversold levels hold at 62.

[OB/OS channel is widening.]

Metals

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COPPER_ HGZ26, MHGZ26

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

Daily –Flat. The pullback from the lower high at 6.85 on 8/26 has found support at 6.49 on 9/2.
Trade pressures are up.  Volumes are neutral.

The close above 6.61 on 9/2 has triggered a new move up. But, OB/OS levels are declining – Wait. The expected overbought level declines to 6.75.

A close below 6.58 would signal lower. The expected oversold levels decline to 6.40.

[OB/OS channel is declining.]

[9-5-26: A close above 67 would be a breakout above the upper parallel resistance.]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the new August 2026 uptrend.  Trade pressures are up, but declining. Volumes are now bullish.

Daily – Flat. In the move up from support at 4317 on 9/2. Trade pressures are up.  Volumes are bullish.

The next target up is 4630, which is also resistance. The expected overbought level declines to 4691.

A close below 4383 would signal lower. The expected oversold level declines to 4296.

[OB/OS channel is declining.]  GVX @ 26 = investable. The 30 level would indicate Chop.

 

SILVER_ SIZ26

Weekly – In the June 2026 downtrend. Trade pressures are up, but turning down.  Volumes remain bullish.

Daily – Flat. In the move up from 66.08 on 9/2. OB/OS is declining. Trade pressures are up.  Volumes are bearish.

The next target up is 68.38, with resistance at 67.95.  Overbought levels decline to 69.

A close below 65.50 would signal lower. The oversold levels decline to 62.

[OB/OS channel is declining.]

Metals

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COPPER_ HGZ26, MHGZ26

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

Daily –Flat. The move up from 6.64 on 8/21 meets resistance at 6.84, the upper median line.
Trade pressures are down.  Volumes are bullish.

In the pull lack from 6.84. Need a close above 6.68 to resume the move up. The expected overbought levels rises to 6.75.

A close below 6.55 would signal lower. The expected oversold levels rise to 6.47.

[OB/OS channel is rising.]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the new August 2026 uptrend.  Trade pressures are up. Volumes remain bullish.

Daily – Flat. The high of 4755 on Tuesday fails and selling begins. Trade pressures are down.  Volumes are bearish.

the close below 4646 did signal lower. The next target down is 4393. The expected oversold level rises to 4399.

A close above 4583 would signal higher. The expected overbought level rises to 4763.

[OB/OS channel is rising.]  GVX @ 25 = investable.

 

SILVER_ SIU26

Weekly – In the June 2026 downtrend. Trade pressures are up.  Volumes remain bullish.

Daily – Flat. In the move down from 68.50 on 8/28.  Trade pressures are up but declining.  Volumes are bearish.

The next target down is 64.72. The oversold levels rise to 69.

A close above 69.12 would signal higher.  Overbought levels rise to 74.

[OB/OS channel is rising.]

Metals

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COPPER_ HGU26, MHGU26

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

Daily –Flat. The close above 6.64 triggers the new long entry on 8/21. Now backtesting the break out.
Trade pressures are up.  Volumes are bearish.

The next target up is 6.66. The expected overbought levels declines to 6.70.

A close below 6.55 would signal lower. The expected oversold levels rise to 6.46.

[OB/OS channel is narrowing.]

[8-21-26: No entry. Bearish volume; need bullish confirmation. Set the Stop loss at 6.50. ]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the new August 2026 uptrend.  Trade pressures are up. Volumes remain bullish.

Daily – Flat. Continues the move up from the 4133 trigger on 8/4. Trade pressures are up.  Volumes are bullish.

The next target up is 4800, and still above new OB. The expected overbought level rises to 4617.

A close below 4646 would signal lower. The expected oversold level rises to 4322.

[OB/OS channel is rising.]  GVX @ 27 = investable.

 

SILVER_ SIU26

Weekly – In the June 2026 downtrend. Trade pressures are up.  Volumes remain bullish.

Daily – Flat. No short. Big end of week/month rally above 65.39; long entry trigger on 8/19. Trade pressures are up.  Volumes are bullish.

The next target up is 71.42.  Overbought levels rise to 70.

A close below 68.50 would signal lower. The oversold levels rise to 62.

[OB/OS channel is rising.]