Category: Metals

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.

Metals

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COPPER_ HGK26

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

Daily – Flat. In the move up from 5.88 on 2/24.  Trade pressures are up.  Volumes are bullish..

The next target up is 6.20. Again, a resistance level. The expected overbought levels rise to 6.14.

A close below 5.94 would signal lower. The expected oversold levels rise to 5.66.

[OB/OS channel is rising.]

[2-27-26: Set the SL at 5.94.] Watch for a lower high.

 

GOLD_ GCJ26

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

Daily – Flat. In the new move up from 5234 on 2/27.  Trade pressures are up.  Volumes remain bullish.

The next target up is 5349.  The expected overbought level rises to 5299.

A close below 5148 trend would signal lower. The expected oversold level declines to 4975.

[OB/OS channel is widening.]  GVX is 33 – declining, in the chop zone. No trade.

[2-27-26: Set a SL at 5243.]

 

SILVER_ SIK26

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

Daily – Flat. After the pullback to 86, in a new move up from 88.25 on 2/26. Trade pressures are up but declining.  Volumes are remain bullish.

The next target up is 104.54.  Overbought levels rise to 89.

A close below 78.93 would signal lower. The oversold levels rise to 80.

[OB/OS channel is rising.] GVX in chop zone, so no trade.

 

Metals

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COPPER_ HGH26

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

Daily – Flat. In the move down from 6.08 lower high on 2/11.  Trade pressures are up.  Volumes are neutral.

The next target down is still 5.57. The expected oversold levels decline to 5.61.

A close above 5.88 would signal higher. This is also a resistance level. The expected overbought levels decline to 6.06.

[OB/OS channel is declining.]

 

GOLD_ GCJ26

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

Daily – Long. In the move up from 4972 on 2/18.  Trade pressures are up.  Volumes are now bullish.

The next target up is 5227.  The expected overbought level rises to 4859.

A close below 4936 would signal lower. The expected oversold level declines to 5144.

[OB/OS channel is narrowing.] expect less volatility.

[2-21-26: Raise the SL to 5015. TP at 5227.]

[2-23-26: Raise the SL to 5125.] [10amCST: Sell at PT 5227.]

 

SILVER_ SIH26

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

Daily – Long. In the move up from 78.50 on 2.19. Trade pressures are up.  Volumes are now bullish.

The next target up is 94.03.  Overbought levels decline to 83.

A close below 78.93 would signal lower. The oversold levels decline to 75.

[OB/OS channel is narrowing.] less volatility expected.

[2-21-26: Set the SL at 79. TP at 94.03.]

[2-23-26: Raise the SL to 84.10] [<–  rallies to 87.09, take this profit.]

Metals

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COPPER_ HGH26

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

Daily – Flat. In the move down from 6.17 on 1/30: Tested the 5.77 downside target. Trade pressures are down.  Volumes remain bullish.

The next target down is still 5.57. The expected oversold levels decline to 5.67.

A close above 5.88 would signal higher. This is also a resistance level. The expected overbought levels decline to 6.12.

[OB/OS channel is declining.]

 

GOLD_ GCJ26

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

Daily – Flat. In the move up from 4987 and at resistance at 5068.  Trade pressures are down but rising.  Volumes are now neutral.

The next target up is 5144.  The expected overbought level declines to 4842.

A close below 4936 would signal lower. The expected oversold level rises to 5209.

[OB/OS channel is widening.] expect rising volatility.

[2-14-26: set the SL at 5024.] Watch the USD, negative correlation.

 

SILVER_ SIH26

Weekly – In the December 2023 uptrend, but with a massive correction to the mean. Trade pressures remain in the neutral zone.  Volumes remain neutral.

Daily – Flat. In consolidation between 63 and 83. Trade pressures remain down.  Volumes are now neutral.

The next target down is 72. Did backtest the 83 level. The oversold levels rise to 76

A close above 78.50 would signal higher. Overbought levels decline to 84.

[OB/OS channel is narrowing.] less volatility expected.

Metals

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COPPER_ HGH26

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

Daily – Flat. In the move down from 6.17 on 1/30. Trade pressures are down.  Volumes closed bullish.

The next target down is 5.57. Tested this level but did not close below. The expected oversold levels decline to 5.70.

A close above 5.90 would signal higher. This is also resistance. The expected overbought levels decline to 6.22.

[OB/OS channel is declining.]

 

GOLD_ GCG26

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

Daily – Long. In the new move up from 4987.  Trade pressures are down.  Volumes remain bearish.

The next target up is 5130.  The expected overbought level declines to 5521.

A close below 4864 would signal lower. The expected oversold level declines to 4708.

[OB/OS channel is declining.]

[2-7-26: Set the SL at 4864.]  Watch the USD, negative correlation.

 

SILVER_ SIH26

Weekly – In the December 2023 uptrend, but with a massive  correction. Trade pressures are down into the neutral zone.  Volumes are neutral.

Daily – Flat. The downtrend, moves to a low of 63.90 and recovers into the weekend. Trade pressures are down.  Volumes are now bullish.

The next target down is 65.29. May backtest the 83.80 level first. The oversold levels decline to 74

A close above 78.50 would signal higher. Overbought levels decline to 110.

[OB/OS channel is declining.]

Metals

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COPPER_ HGH26

Weekly – In the October 2025 uptrend, spiked to new highs and retraced. Trade pressures are up. Volumes are bullish .

Daily – Flat. Sold the spike over 6.58 at.6.22. Trade pressures are up but turning down.  Volumes closed bearish.

The next target down is 5.84. Tested this level but did not close below. The expected oversold levels rise to 5.79.

A close above 5.97 would signal higher. Some buying at the close. The expected overbought levels rise to 6.38.

[OB/OS channel is still rising.]

 

GOLD_ GCG26

Weekly – In the December 2023 uptrend; a wide ranging bar, 4700-5626.  Trade pressures remain up.  Volumes are bearish.

Daily – Flat. The selloff gives the entire move back, from 5620 to 4660.  Trade pressures are down.  Volumes are bearish.

A close above 4962 would signal higher.  The expected overbought level rises to 5574.

A close below 4728 would signal lower. Still in a downtrend.  The expected oversold level rises to 5008.

[OB/OS channel is rising.]

 

SILVER_ SIH26

Weekly – In the December 2023 uptrend; a wide ranging bar, 74-121. Trade pressures remain up.  Volumes are bearish.

Daily – Flat. The hyperbolic move up to 121 crashes to close at 85. (At $5000 per big point) . Trade pressures are down.  Volumes are bearish.

The next target down is 74.47. May backtest the 87.00 level first. The oversold levels rise to 109

New high at 121.78. Overbought levels rise to 116.

[OB/OS channel is rising.]

 

Metals

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COPPER_ HGH26

Weekly – In the October 2025 uptrend, retesting the high. Trade pressures are up. Volumes are bullish .

Daily – Long. In the move up after breaking up from the move down at 5.82. Trade pressures are down.  Volumes closed bearish.

The nxt target up is 6.09. The expected overbought levels rise to 6.16.

A close below 5.74 would signal lower. Tested this level but did not close below. The expected oversold levels stay at 5.72.

[OB/OS channel is rising.]

[1-24-26: Set a long SL at 5.74.]
[1-26-26: Raise the SL to 5.89.]
[1-29-26: Raise the SL to 6.22.] [1-29-26: Stopped out at 6.22.]

 

GOLD_ GCG26

Weekly – In the December 2023 uptrend intact with new highs at 4991.  Trade pressures remain up.  Volumes remain bullish.

Daily – Long. In the new move up from 4618 with the BO on 1/19.  Trade pressures are up.  Volumes remain bullish.

The next target up is 4996.  The expected overbought level rises to 4967.

A close below 4959 would signal lower.  The expected oversold level rises to 4696.

[OB/OS channel is rising.]

[1-24-26: Set the SL at 4959.]

[1-26-26: Raise the SL to 4998.]

[1-29-26:Take profits at  5390.]

 

SILVER_ SIH26

Weekly – In the December 2023 uptrend, and again, new All Time Highs. Trade pressures remain up.  Volumes remain bullish.

Daily – Flat. in a new move up from 95.15 on 1/22/26. Above the OB levels. Trade pressures are up.  Volumes remain bullish.

New high at 117.70. Overbought levels rise to 99.50.

A close below 84.84 would signal lower, which is below –>. The oversold levels rise to 94.30

[OB/OS channel is rising.]

[1-24-26: Close any longs. Expect selling.]

Metals

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COPPER_ HGH26

Weekly – In the October 2025 uptrend, turning down at resistance. Trade pressures are down. Volumes remain bearish .

Daily – Flat. In the move down from the pivot high of 6.15. Trade pressures are down.  Volumes closed bearish.

A close below 5.74 would signal lower. The expected oversold levels rise to 5.72.

A close above 5.89 would signal higher. The expected overbought levels rise to 6.15.

[OB/OS channel is rising.]

[1-16-26: Set a short SL at 5.89.]

 

GOLD_ GCG26

Weekly – In the December 2023 uptrend intact with new highs.  Trade pressures remain up.  Volumes are bullish.

Daily – Flat. In the new downtrend on 1/16.  Trade pressures are up, but declining.  Volumes remain bullish.

Need a close above 4618 to restart the move up.  The expected overbought level rises to 4682.

Forming a bull flag. A close below 4575 would signal lower.  The expected oversold level rises to 4506.

[OB/OS channel is rising.]

 

SILVER_ SIH26

Weekly – In the December 2023 uptrend, new All Time Highs. Trade pressures remain up.  Volumes are bullish.

Daily – Flat. in a new move up from 78.89 on 1/9/26. Trade pressures are down into the neutral zone.  Volumes are bullish.

New high at 93.70. Overbought levels rise to 92.40.

A close below 84.84 would signal lower, which is below –>. The oversold levels rise to 87.80

[OB/OS channel is rising.]