Metals

#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.]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.