#copperfutures #goldfutures #silverfutures

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.]