#copperfutures #goldfutures #silverfutures
COPPER_ HGZ25
Weekly – In the October 2025 uptrend. Trade pressures are up, still declining. Volumes is now bullish.
Daily – Flat. In the move down from the 5.16 high pivot. Trade pressures remain down. Volumes are now bullish.
The next target down is 4.84 support and the 200 day MA at 4.92. The expected oversold levels rise to 4.88.
A close above 5.07 would signal higher. The expected overbought levels decline to 5.17.
[OB/OS channel is narrowing.]
GOLD_ GCZ25
Weekly – In the December 2023 uptrend a failed attempt higher produces a lower high.. Trade pressures remain up, but declining. Volumes are bearish.
Daily – Flat. Moving down from a lower high at 4249 on 11/13. Trade pressures are down. Volumes remain bearish.
Support is 3982. Buy at the lower bound of the channel. The expected oversold level rises to 4019.
A close above 4111 would signal higher, but watch nearby OS levels for further decline towards support. The expected overbought level rise to 4249.
[OB/OS channel is rising.]
SILVER_ SIZ25
Weekly – In the December 2023 uptrend, coming off a spike high. Trade pressures remain up, but trending down. Volumes are bearish.
Daily – Flat. In the move down from 52.42 on 11/13. Trade pressures are up, but declining. Volumes are bearish.
The next target down is 46.46. The oversold levels rise to 50.41.
A close above 51.72 would signal higher. Overbought levels rise to 53.39.
[OB/OS channel is rising.]