#copperfutures #goldfutures #silverfutures

COPPER_ HGU25  [Trump adds tariffs 7/30]

Weekly – In the July 2025 downtrend. Trade pressures are down to the median line which should offer support. Volumes are bearish.

Daily – Flat. New punitive trump tariffs on copper crash price for a breakdown below the April Median line.  Trade pressures are down.  Volumes are bearish.

Crash takes price into OS levels. The expected oversold levels decline to 4.33.

Need a close above 4.75 to resume any move up. (Any close above the 4.47 into a new uptrend is an early warning.) The expected overbought levels decline to 5.27.

 

GOLD_ GCZ25

Weekly – In the December 2023 uptrend with support at 3171.  Trade pressures are down.  Volumes remain bearish.

Daily – Long. In the move up from 3363 on 8/1.  Trade pressures are up.  Volumes are bullish.

The next target up is 3456.  The expected overbought level declines to 3357.

A close below 3373 would signal lower. The next target down is 3323. The expected oversold level declines to 3251.

[Set the SL at 3373.]

[8-4-25: Raise the SL to 3392.]

[8-7-25: Raise the SL to 3425.] [after hours. 8-7-25: FED News event, sell on news out at 3502.]

 

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 remain bearish.

The next target down is 35.93. The oversold levels rise to 36.37.

A close above 37.44 would signal higher.  Overbought levels decline to 38.08.

[8-2-25: Set the SL at 37.39.]
[8-4-25: Stopped out at 37.39.]