#copperfutures #goldfutures #silverfutures

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.