#copperfutures #goldfutures #silverfutures

COPPER_ HGN25

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

Daily – Long. In the move up from the 4.67 long entry on 5/20. Stopped out at 4.63 on 5/22.  Trade pressures are up.  Volumes are bullish.

Re-entered the long at 4.70 on 5/23 and at the 4.89 target. The expected overbought levels decline to 4.75.

A close below 4.78 would signal lower.  The expected oversold levels rise to 4.55.

[Set the SL at 4.78.]

[5-27-25: Stopped out at the 4.78.]

 

GOLD_ GCM25

Weekly – In the December 2023 uptrend.  Trade pressures are up, just above the neutral zone.  Volumes are bullish.

Daily – Long. In the move up from 3240 on 5/20.  Trade pressures are up.  Volumes are bullish.

The next target up is 3401. The expected overbought level declines to 3344.

A close below 3326 would signal lower. The expected oversold level declines to 3144.

[Set the SL at the 3326 trendline.]

[5-26-25: OB. Stopped out at 3326 in the premarket hours.]

 

SILVER_ SIN25

Weekly – In the December 2023 uptrend. Trade pressures are up out of the neutral zone.  Volumes are bullish.

Daily – Long. In the move up and out of the bull flag at 32.39 on 5/20. Stopped out in the sell-off on 5/22 at 33.33. Trade pressures are up but turning down.  Volumes are bullish.

The next target up is 34.07, above the OB levels. Overbought levels rise to 33.76.

A close below 33.10 would signal lower. The oversold levels rise to 29.10.