Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN26, MHGN26

Weekly – In the October 2025 uptrend. Trade pressures remain up. Volumes are bullish.

Daily –Flat. Remains in the move up from 6.35 on 5/22. Trade pressures are up.  Volumes are bullish.

The next target up is 6.58.  The expected overbought levels decline to 6.45.

A close below 6.32 would signal lower. The expected oversold levels rise to 6.20.

[OB/OS channel is narrowing.] Trending, can buy the dip with tight stops.

[5-30-26: Set a SL at 6.32.]

 

GOLD_ GCM26, MGCM26

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

Daily – Flat. In the move up from 4535 on 5/24. GDP moving toward stagflation; buy dips toward 4516. Trade pressures are up.  Volumes are bullish.

The next target up is 4751.  The expected overbought level declines to 4601.

A close below 4509 would signal lower. The expected oversold level rises to 4473.

[OB/OS channel is narrowing.]  GVX declines to 23.80 – remaining in the investable zone.

[5-30-26: Set a SL at 4456. Resistance at 4767.]

 

SILVER_ SIN26

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

Daily – Flat. The new move up from 78.04 on 5/24 failed. Trade pressures are down.  Volumes are bearish.

The next target up is 77.90.  Overbought levels rise to 83.

A close below 74.53 would signal lower. The oversold levels rise to 73

[OB/OS channel is rising.]

 

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