Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH26

Weekly – In the October 2025 uptrend, turning down at resistance. Trade pressures are down. Volumes remain bearish .

Daily – Flat. In the move down from the pivot high of 6.15. Trade pressures are down.  Volumes closed bearish.

A close below 5.74 would signal lower. The expected oversold levels rise to 5.72.

A close above 5.89 would signal higher. The expected overbought levels rise to 6.15.

[OB/OS channel is rising.]

[1-16-26: Set a short SL at 5.89.]

 

GOLD_ GCG26

Weekly – In the December 2023 uptrend intact with new highs.  Trade pressures remain up.  Volumes are bullish.

Daily – Flat. In the new downtrend on 1/16.  Trade pressures are up, but declining.  Volumes remain bullish.

Need a close above 4618 to restart the move up.  The expected overbought level rises to 4682.

Forming a bull flag. A close below 4575 would signal lower.  The expected oversold level rises to 4506.

[OB/OS channel is rising.]

 

SILVER_ SIH26

Weekly – In the December 2023 uptrend, new All Time Highs. Trade pressures remain up.  Volumes are bullish.

Daily – Flat. in a new move up from 78.89 on 1/9/26. Trade pressures are down into the neutral zone.  Volumes are bullish.

New high at 93.70. Overbought levels rise to 92.40.

A close below 84.84 would signal lower, which is below –>. The oversold levels rise to 87.80

[OB/OS channel is rising.]