#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.]