#copperfutures #goldfutures #silverfutures
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.]