#copperfutures #goldfutures #silverfutures

COPPER_ HGN25

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

Daily – Flat. Tested prior high at 4.96 and begins a new retracement move down.  Trade pressures are up, but declining.  Volumes are now neutral.

Ran to the OB levels and sold off. The expected overbought levels rise to 4.99.

Support at 4.70. A close below 4.70 would signal lower.  The expected oversold levels stay at 4.51.

 

GOLD_ GCQ25

Weekly – In the December 2023 uptrend.  Trade pressures are up, struggling to get out of the neutral zone.  Volumes remain bullish.

Daily – Short. New short after rally to 3421. Short from 3380 on 6/6. Trade pressures are down.  Volumes are bearish.

The next target down is 3302. The expected oversold level rises to 3248.

A close above 3367 would signal higher. The expected overbought level rises to 3407.

[6-7-25: Set Short SL at 3366.]

[6-9-25: Lower SL to 3352.]

 

SILVER_ SIN25

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

Daily – Long. In a sharp  move up from 33.58 on 6/2. Trade pressures are up.  Volumes are bullish.

The next target up is 37.37.  Now OB. Overbought levels rise to 36.56.

A close below 35.58 would signal lower. The oversold levels rise to 34.98.

[6-7-25: Set the SL at 35.58.]

[6-9-25: Raise SL to 35.85.]