#copperfutures #goldfutures #silverfutures

COPPER_ HGK25

Weekly – In the September 2024 uptrend; breaks down hard. Trade pressures are down. Volumes are bearish.

Daily – Short. In retracement from the 5.37 high. Shorted from the 5.16 entry; and stopped out just before the tariff announcement. Trade pressures are down.  Volumes are bearish.

The next target down is 4.01. The expected oversold levels decline to 4.66.

A close back above 4.68 would signal higher. The expected overbought levels decline to 5.25.

 

GOLD_ GCM25

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

Daily – Short from 3108. The thursday and Friday sell oof takes price below the 3040 downside target. Trade pressures are down.  Volumes are bearish.

The next target down is 2941. The expected oversold level rises to 3007.

A close above 3074 would signal higher. The expected overbought level rises to 3165.

[Set SL to 3074.][Set Profit stop at 3005]

 

SILVER_ SIK25

Weekly – In the December 2023 uptrend. Trade pressures are down.  Volumes are bearish.

Daily – Flat. The thursday break down at 33.90 triggered a new short, which traded immediately to the 29.14 target.  Trade pressures are down.  Volumes are bearish.

The next target down is 26.23  The oversold levels decline  to 29.57.

A close above 31.44 would signal higher. Overbought levels decline to 34.47.