#copperfutures #goldfutures #silverfutures
COPPER_ HGK26, MHGK26
Weekly – In the October 2025 uptrend, rallied off support. Trade pressures remain up. Volumes remain bullish.
Daily – Flat. In the move up from 5.76 on 4/10. Trade pressures are up, turning down. Volumes are neutral.
The next target up is 6.23. The expected overbought levels rise to 6.21.
A close below 5.96 would signal lower. The expected oversold levels rise to 5.62.
[OB/OS channel is rising.]
[4-16-26: Stopped out at 6.03]
GOLD_ GCM26, MGCM26
Weekly – In the December 2023 uptrend. Trade pressures are up. Volumes remain neutral.
Daily – Flat. In the new move up from 4718 on 4/1. Trade pressures are up. Volumes are bullish.
The next target up is 5032. The expected overbought level rises to 4876.
A close below 4796 would signal lower. The expected oversold level rises to 4657.
[OB/OS channel is rising.] GVX drops to 28.90 – in the investable zone.
SILVER_ SIK26
Weekly – In the December 2023 uptrend. Trade pressures remain down, but rising. Volumes remain neutral.
Daily – Flat. At the downtrend resistance at 81.61. Trade pressures are up. Volumes remain bullish.
The next target up is 81.48. Overbought levels rise to 77.
A close below 79.13 would signal lower. The oversold levels rise to 69.
[OB/OS channel is rising.]
[4-15-26: Set the SL at 77.04.] [4-11-26: correction – stopped out the next am session at 74.36.]