#copperfutures #goldfutures #silverfutures
COPPER_ HGZ25
Weekly – In the October 2025 uptrend. Trade pressures down into the neutral zone, still declining. Volumes are bullish.
Daily – Long. In the move up from the 4.91 low pivot and triggered a Long Entry at 4.98 on 11/21. Trade pressures remain down. Volumes are now bullish.
A close above 5.01 would signal higher. The expected overbought levels decline to 5.15.
The next target down is 4.93 support, and again, the 200 day MA at 4.92. The expected oversold levels decline to 4.87.
[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 4200 on 11/14. Trade pressures are down ointo the neutral zone. Volumes remain bearish.
The next target down is 3903. The expected oversold level declines to 4002.
A close above 4100 would signal higher, but watch nearby OS levels for further decline towards support. The expected overbought level declines to 4211.
[OB/OS channel is declining.]
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 up from the low pivot at 48.05 on 11/21. Trade pressures are down, but showing divergence. Volumes are now bullish.
The next target down is 46.46. The oversold levels decline to 48.61.
A close above 51.72 would signal higher. Overbought levels decline to 52.48.
[OB/OS channel is declining.]