Category: Metals

Metals

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COPPER_ HGZ25

Weekly – In the August 2025 downtrend. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Long. In a new move up from 4.54 on 8/28, then stopped out. Trade pressures remain up.  Volumes are are now bullish.

Look for a pullback into the low 4.60’s to enter another long trade. The next target up is 4.80. The expected overbought levels rises to 4.76.

A close below 4.63 would signal lower. The expected oversold levels rise to 4.46.

 

GOLD_ GCZ25

Weekly – In the December 2023 uptrend with support at 3259.  Trade pressures are up.  Volumes are bullish.

Daily – Flat. In the move up from 3422 on 8/22 and remains above median line support at 3639.  Trade pressures are up.  Volumes are bullish.

The next target up is 3756. The expected overbought level rises to 3716.

A close below 3682 would signal lower. The expected oversold level rises to 3557.

 

SILVER_ SIZ25

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

Daily – Flat. The 9/11 breakout at 40.12 triggered the latest move up. Trade pressures are up.  Volumes remain bullish.

The next target up is 44.03. Overbought levels rise to 42.57.

A close below 42.57 would signal lower. The oversold levels rise to 41.42.

 

 

Metals

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COPPER_ HGZ25

Weekly – In the August 2025 downtrend. Trade pressures are down. Volumes remain neutral.

Daily – Long. In a new move up from 4.54 on 8/28. Trade pressures are up.  Volumes are are now bullish.

The next target up is 4.60. The expected overbought levels rises to 4.60.

A close below 4.53 would signal lower. The expected oversold levels rise to 4.40.

[9-3-25: Raise SL to 4.57.]

[9-4-25: Stopped out at 4.57.]

 

GOLD_ GCZ25

Weekly – In the December 2023 uptrend with support at 3193.  Trade pressures are up slightly.  Volumes are bullish.

Daily – Long. In the move up from 3422 on 8/22.  Trade pressures are up.  Volumes are neutral.

The next target up is 3602. The expected overbought level rises to 3425.

A close below 3380 would signal lower. The expected oversold level declines to 3300.

[Original trade was stopped out.]

 

SILVER_ SIZ25

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

Daily – Long, In the move up from the breakout on 8/22 from 38.22. Trade pressures are up.  Volumes remain bullish.

The next target up is 41.33. Overbought levels rise to 41.80.

A close below 40.10 would signal lower. The oversold levels rise to 38.95.

[Missed this trade]

Metals

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COPPER_ HGU25

Weekly – In the July 2025 downtrend. Trade pressures are down. Volumes remain neutral.

Daily – Flat. In a new up trend above 4.45. Trade pressures are up into the neutral zone.  Volumes are are now bearish.

Need a close above 4.49 to resume any move up. (The > 4.47 close remains as an early warning.) The expected overbought levels decline to 4.55.

The next target down is the prior support at 4.42.  The expected oversold levels rise to 4.36.

The OB/OS levels are narrowing, which could presage a breakout in either direction.

 

GOLD_ GCZ25

Weekly – In the December 2023 uptrend with support at 3177.  Trade pressures are down.  Volumes are remain neutral.

Daily – Long. FED interest rate comments send Gold higher. 3402 was the new long trade signal. Trade pressures are up.  Volumes are bullish.

The next target up is 3458. The expected overbought level declines to 3379.

A close below 3380 would signal lower. The expected oversold level declines to 3300.

[Set the SL at 3402, the BE.] [ TP at 3466.]

[8-25-25: SL met in the post market. Out at a BE.]

 

SILVER_ SIU25

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

Daily – Flat, Short trade out at BE and at the upside target on FED rate news. Trade pressures are up.  Volumes remain bullish.

The next target up is 39.32. Overbought levels decline to 38.66.

A close below 37.84 would signal lower. The oversold levels rise to 37.48.

 

Metals

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COPPER_ HGU25

Weekly – In the July 2025 downtrend. Trade pressures fail at 4.69 support. Volumes remain neutral.

Daily – Flat. testing the short term trend line at 4.49 as resisitance. Trade pressures are up.  Volumes are are now bullish.

The next target down is the prior low at 4.33.  A likely retest of the lows is first, then a second move up should clarify. The expected oversold levels rise to 4.32.

Need a close above 4.66 to resume any move up. (The > 4.47 close is an early warning.) The expected overbought levels decline to 4.57.

 

GOLD_ GCZ25

Weekly – In the December 2023 uptrend with support at 3177.  Trade pressures are neutral.  Volumes are now neutral.

Daily – Flat. Remains in the downtrend from 8/10 at 3444.  Trade pressures are down.  Volumes are bearish.

The next target down is 3346. The expected oversold level rises to 3303.

A close above 3402 would signal higher. The expected overbought level declines to 3411.

 

SILVER_ SIU25

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

Daily – Flat, in the move down from the 8/13 pivot.  Trade pressures are down.  Volumes remain bullish.

The next target up is 39.03. Overbought levels rise to 39.52.

A close below 37.84 would signal lower. The oversold levels decline to 37.17.

[8-19-25: Short triggered at 37.84. The next target down is 36.63. SL is the entry price at 37.84.]

[8-20-25: Stopped out at the EP, 37.84.]

Metals

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COPPER_ HGU25  [Trump adds tariffs 7/30]

Weekly – In the July 2025 downtrend. Trade pressures fail at 4.69 support. Volumes are neutral.

Daily – Flat. The close above 4.47 signals at least neiutral. Trade pressures remain down.  Volumes are are now neutral.

A likely retest of the lows is first, then a second move up should clarify. The expected oversold levels decline to 3.66.

Need a close above 4.75 to resume any move up. (The > 4.47 close is an early warning.) The expected overbought levels decline to 4.69.

 

GOLD_ GCZ25

Weekly – In the December 2023 uptrend with support at 3171.  Trade pressures are down.  Volumes remain bearish.

Daily – Flat. Took profits on the spike above 3500.  Trade pressures are up.  Volumes remain bullish.

The next target up is 3534. Howeve, price is in a pullback off the confusing newsy week. The expected overbought level rises to 3430.

A close below 3445 would signal lower. The next target down is 3417. The expected oversold level declines to 3278.

 

SILVER_ SIU25

Weekly – In the December 2023 uptrend. Trade pressures are up but declining to neutral zone.  Volumes remain bullish.

Daily – Long, in the move up from the 37.44 on 8/5 and now off the 39.91 highs.  Trade pressures are up.  Volumes are bullish.

The next target up is 39.17 and could form a lower high. Overbought levels rise to 39.17.

A close below 38.11 would signal lower. The oversold levels rise to 37.28.

 

 

Metals

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COPPER_ HGU25  [Trump adds tariffs 7/30]

Weekly – In the July 2025 downtrend. Trade pressures are down to the median line which should offer support. Volumes are bearish.

Daily – Flat. New punitive trump tariffs on copper crash price for a breakdown below the April Median line.  Trade pressures are down.  Volumes are bearish.

Crash takes price into OS levels. The expected oversold levels decline to 4.33.

Need a close above 4.75 to resume any move up. (Any close above the 4.47 into a new uptrend is an early warning.) The expected overbought levels decline to 5.27.

 

GOLD_ GCZ25

Weekly – In the December 2023 uptrend with support at 3171.  Trade pressures are down.  Volumes remain bearish.

Daily – Long. In the move up from 3363 on 8/1.  Trade pressures are up.  Volumes are bullish.

The next target up is 3456.  The expected overbought level declines to 3357.

A close below 3373 would signal lower. The next target down is 3323. The expected oversold level declines to 3251.

[Set the SL at 3373.]

[8-4-25: Raise the SL to 3392.]

[8-7-25: Raise the SL to 3425.] [after hours. 8-7-25: FED News event, sell on news out at 3502.]

 

SILVER_ SIU25

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

Daily – Short. In the move down from the 37.92 on 7/30. Trade pressures are down.  Volumes remain bearish.

The next target down is 35.93. The oversold levels rise to 36.37.

A close above 37.44 would signal higher.  Overbought levels decline to 38.08.

[8-2-25: Set the SL at 37.39.]
[8-4-25: Stopped out at 37.39.]

Metals

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COPPER_ HGU25  [Trump adds tariffs 7/30]

Weekly – In the July 2025 downtrend. Trade pressures are down. Volumes are neutral.

Daily – Flat. New punitive trump tariffs on copper crash price for a breakdown below the April Median line.  Trade pressures are own.  Volumes are neutral.

Crash takes price into OS and below OS levels. The expected oversold levels rise to 5.41.

Need a close above 4.93 to resume any move up.The expected overbought levels rise to 5.92.

 

GOLD_ GCZ25

Weekly – In the December 2023 uptrend with support at 3151.  Trade pressures are down.  Volumes are now bearish.

Daily – Flat. In the move down from the lower high on 7/23 at 3500.  Trade pressures are down.  Volumes are bearish.

The next target down is 3173. The expected oversold level rises to 3279.

Returned to the uptrend with the move above 3358.  The expected overbought level rises to 3401.

 

SILVER_ SIU25

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

Daily – Short. In the move down from the 37.92 on 7/30. Trade pressures are down.  Volumes are bearish.

The next target down is 35.93. The oversold levels decline to 36.25.

A close above 37.71 would signal higher.  Overbought levels rise to 39.44.

[7-30-25: Set the SL at 37.31.]

 

Metals

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COPPER_ HGU25

Weekly – In the September 2024 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Tariffs on copper squeeze price for a breakout above the January Median line.  Trade pressures are up.  Volumes are neutral.

Now at the new upper bound of the trading range and OB.  The expected overbought levels rise to 5.73.

Support at 5.68. A close below 5.56 would signal lower.  The expected oversold levels rise to 5.14.

 

GOLD_ GCQ25

Weekly – In the December 2023 uptrend with support at 3055.  Trade pressures are down.  Volumes are now neutral.

Daily – Flat. In the move down from the failed breakout on 6/24 at 3382.  Trade pressures are are down.  Volumes are bearish.

Returned to the uptrend with the move above 3333.  The expected overbought level declines 3356.

A close below 3361 would signal lower.  The expected oversold level declines to 3258.

 

SILVER_ SIU25

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

Daily – Flat. In the move up from the 36.32 on 7/10. Trade pressures are up.  Volumes are bullish.

At the next target up of 38.45, well above OB levels.  Overbought levels decline to 38.20.

Look for a backtest of the breakout. A close below 38.82 would signal lower. The oversold levels decline to 37.57.

Metals

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COPPER_ HGU25

Weekly – In the September 2024 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. Long trade from 4.81 on 6/20 was closed at rollover.  Trade pressures are up.  Volumes remain bullish.

Now at the upper bound of the trading range and OB. A breakout would taerget 5.35.  The expected overbought levels rise to 5.10.

Support at 4.86. A close below 4.83 would signal lower.  The expected oversold levels rise to 4.78.

 

GOLD_ GCQ25

Weekly – In the December 2023 uptrend with support at 3048.  Trade pressures are down.  Volumes are now bearish.

Daily – Flat. In the move down from the failed breakout on 6/24 at 3382.  Trade pressures are are down.  Volumes are bearish.

The next target down is 3268 The expected oversold level declines to 3322.

A close above 3307 would signal higher. The expected overbought level declines to 3432.

[6-30-25: Long at 3312. SL 3314.]

[7-3-25: Raise the SL to 3337.]

[7-6-25: Stopped out at the 3337 SL.]

 

SILVER_ SIU25

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

Daily – Flat. At the lower bound of the new upward channel. Trade pressures are down.  Volumes are bearish.

A close above 36.32 would signal higher. The next target up would be 36.73. Overbought levels decline to 37.43.

A close below 35.94 would signal lower. The oversold levels decline to 35.28.

Metals

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COPPER_ HGN25

Weekly – In the September 2024 uptrend. Trade pressures are up, but declining. Volumes remain bearish.

Daily – Long. Long trade from 4.81 on 6/20.  Trade pressures are up but turning down.  Volumes are  bullish.

Rallied off the 4.71 support. The next target up is 4.86. The expected overbought levels rise to 4.94.

Support at 4.74. A close below 4.70 would signal lower.  The expected oversold levels rise to 4.68.

[6-21-25: Set the SL at 4.74.] [Look for price improvement to enter Long.]

[6-23-25: Long @4.81. Touched 4.90. Raise SL at 4.76.]

[6-26-25: Contract rollover. Sell July contract at 5.06.]

 

GOLD_ GCQ25

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

Daily – Flat. In a new bull flag from 6/15 high pivot.  Trade pressures are up.  Volumes are bearish.

The next target up is 3397, which would be a new long entry. The expected overbought level rises to 3448.

A close below 3367 would signal lower. The expected oversold level rises to 3322.

 

SILVER_ SIN25

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

Daily – Flat. The 36.63 entry for the 6-17 move up has been completely retraced. Trade pressures are down.  Volumes are bearish.

A close above 36.30 would signal higher. The next target up would be 36.64. Overbought levels rise to 37.74.

A close below 35.42 would signal lower. The oversold levels rise to 35.50.