#copperfutures #goldfutures #silverfutures

COPPER_ HGN26, MHGN26

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

Daily – Flat. The move up from 6.03 on 5/1 takes price to 6.28. Trade pressures are up.  Volumes are bullish.

The next target up is 6.34. The expected overbought levels rise to 6.33.

A close below 6.19 would signal lower. The expected oversold levels rise to 5.92.

[OB/OS channel is rising.]

[5-8-26: Missed this one.]

 

GOLD_ GCM26, MGCM26

Weekly – In the December 2023 uptrend, still near support.  Trade pressures remain down. Volumes remain bearish.

Daily – Long. Price moved below 4549 then turned higher. In the move up from 4639 on 5/5. Trade pressures are up.  Volumes are now bullish.

The next target up is 4822. The expected overbought level rises to 4768.

A close below 4670 would signal lower. The expected oversold level declines to 4551.

[OB/OS channel is widening.]  GVX hold near 26.40 – remaining in the investable zone.

[5-8-26: Set the SL at 4659.]

 

SILVER_ SIN26

Weekly – In the December 2023 uptrend. Trade pressures are down into the neutral zone.  Volumes remain neutral.

Daily – Flat. After a retest of the breakout trendline, Silver moved higher on news.  Trade pressures remain up.  Volumes are now bullish.

The next target up is 84.86. Overbought levels rise to 82.9.

A close below 72.68 would signal lower. The oversold levels rise to 70.2.

[OB/OS channel is rising.]

[5-8-26: Nearing the upper channel boundary. Trim,Take profits.]