Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH26

Weekly – In the October 2025 uptrend. Trade pressures are up but declining towards the neutral zone. Volumes remain neutral .

Daily – Flat. In the move down from 6.08 lower high on 2/11.  Trade pressures are up.  Volumes are neutral.

The next target down is still 5.57. The expected oversold levels decline to 5.61.

A close above 5.88 would signal higher. This is also a resistance level. The expected overbought levels decline to 6.06.

[OB/OS channel is declining.]

 

GOLD_ GCJ26

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

Daily – Long. In the move up from 4972 on 2/18.  Trade pressures are up.  Volumes are now bullish.

The next target up is 5227.  The expected overbought level rises to 4859.

A close below 4936 would signal lower. The expected oversold level declines to 5144.

[OB/OS channel is narrowing.] expect less volatility.

[2-21-26: Raise the SL to 5015. TP at 5227.]

[2-23-26: Raise the SL to 5125.] [10amCST: Sell at PT 5227.]

 

SILVER_ SIH26

Weekly – In the December 2023 uptrend. Trade pressures are down.  Volumes remain neutral, declining.

Daily – Long. In the move up from 78.50 on 2.19. Trade pressures are up.  Volumes are now bullish.

The next target up is 94.03.  Overbought levels decline to 83.

A close below 78.93 would signal lower. The oversold levels decline to 75.

[OB/OS channel is narrowing.] less volatility expected.

[2-21-26: Set the SL at 79. TP at 94.03.]

[2-23-26: Raise the SL to 84.10] [<–  rallies to 87.09, take this profit.]