#copperfutures #goldfutures #silverfutures
COPPER_ HGN26, MHGN26
Weekly – In the October 2025 uptrend. Trade pressures remain up. Volumes are bullish.
Daily –Long. In the move up from 6.35 on 5/22. Trade pressures are up. Volumes remain bearish.
The next target up is 6.59. The expected overbought levels decline to 6.68.
A close below 6.26 would signal lower. The expected oversold levels rise to 6.15.
[OB/OS channel is narrowing.] Trending, tight stops.
[5-23-26: Set the SL at 6.34.] [5-27-26: SL met.]
GOLD_ GCM26, MGCM26
Weekly – In the December 2023 uptrend, still near support. Trade pressures remain down. Volumes remain bearish.
Daily – Long. In the move up from 4535 on 5/24. Trade pressures are up. Volumes remain bearish.
The next target up is 4591. The expected overbought level declines to 4645.
A close below 4509 would signal lower. The expected oversold level declines to 4413.
[OB/OS channel is declining.] GVX declines to 23.80 – remaining in the investable zone.
[5-24-26: Set the SL at 4532.]
[5-26-26: Sold for a loss at SL 4532.]
SILVER_ SIN26
Weekly – In the December 2023 uptrend. Trade pressures are down. Volumes are neutral.
Daily – Long. New move up from 78.04 on 5/24. Trade pressures are up. Volumes are neutral.
The next target up is 82.74. Overbought levels decline to 79.70.
A close below 76.72 would signal lower. The oversold levels decline to 66.20
[OB/OS channel is declining.]
[5-24-26: Set the SL at 77.83.] [5-25-26: Stopped out for a loss at 77.83.]