Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ25

Weekly – In a new October 2025 uptrend. Trade pressures are up. Volumes are now neutral.

Daily – Long. In the new move up from 4.97 on 10/17. Trade pressures remain down.  Volumes remain bearish.

The next target up is 5.06. The expected overbought levels decline to 5.20.

A close below 4.88 (200 day MA) would signal lower. The expected oversold levels decline to 4.77.

[OB/OS declining.]

[10-17-25: Set the SL at 4.93.]

[10-21-25: Stopped out at 4.93.]

 

GOLD_ GCZ25

Weekly – In the December 2023 uptrend, ignored resistance.  Trade pressures remain up.  Volumes remain bullish.

Daily – Long. Friday selloff goes to the 4192 retracement target.  Trade pressures remain up.  Volumes closed the week as bearish.

In the pullback from the 4392 highs. a close above 4283 would resume move up. The expected overbought level rises to 4362.

A close below 4132 would signal lower. The expected oversold level rises to 4091.

 

SILVER_ SIZ25

Weekly – In the December 2023 uptrend, but with a spinning top. Trade pressures are up.  Volumes are now bearish.

Daily – Long. In the move up from 47.84 on 10-13. Sold off hard on 10/17. Trade pressures are up but declining.  Volumes are now bearish.

The Friday pullback takes price to 50.62. A close above 51.36 resumes the move up. Overbought levels rise to 54.01.

A close below 50.02 would signal lower. The oversold levels rise to 51.27.

[10-21-25: Loing from 47.84 on 10/13. Stopped out at 50.02.]