Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ25

Weekly – In the August 2025 downtrend. Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Long. In a new move up from 4.54 on 8/28, then stopped out. Trade pressures remain up.  Volumes are are now bullish.

Look for a pullback into the low 4.60’s to enter another long trade. The next target up is 4.80. The expected overbought levels rises to 4.76.

A close below 4.63 would signal lower. The expected oversold levels rise to 4.46.

 

GOLD_ GCZ25

Weekly – In the December 2023 uptrend with support at 3259.  Trade pressures are up.  Volumes are bullish.

Daily – Flat. In the move up from 3422 on 8/22 and remains above median line support at 3639.  Trade pressures are up.  Volumes are bullish.

The next target up is 3756. The expected overbought level rises to 3716.

A close below 3682 would signal lower. The expected oversold level rises to 3557.

 

SILVER_ SIZ25

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

Daily – Flat. The 9/11 breakout at 40.12 triggered the latest move up. Trade pressures are up.  Volumes remain bullish.

The next target up is 44.03. Overbought levels rise to 42.57.

A close below 42.57 would signal lower. The oversold levels rise to 41.42.