#copperfutures #goldfutures #silverfutures

COPPER_ HGU26, MHGU26

Weekly – In the October 2025 uptrend, selling down to support. Trade pressures are down. Volumes remain bearish.

Daily –Flat. The lower median line parallel failed at the 6.07 support. Attempting a breakout at 6.27. Trade pressures are up.  Volumes are now bullish.

The next target up is 6.46. The expected overbought levels rise to 6.28.

A close below 6.19 would resume the move down. The expected oversold levels rise to 5.96.

[OB/OS channel is rising.]

[7-10-26: Now looking for a new long entry at a break out of 6.27.]

 

GOLD_ GCQ26, MGCQ26

Weekly – In the June 2026 down trend.  Trade pressures remain down, rising slightly. Volumes remain bearish.

Daily – Flat. Consolidating at the 4013 target. Trade pressures are down but rising.  Volumes remain bullish.

The close above 4151 signals higher. The next target up is 4215. The expected overbought level rises to 4198.

A close below 4020 would signal lower. The expected oversold level declines to 3900.

[OB/OS channel is widening.]  GVX @ 28 = chop zone.

[7-10-26: Gold is a preferred asset class in Quad 4 (slowing GDP and slowing inflation). But, don’t want to trade long against the weekly downward pressures or, the rising dollar. no entry.]

 

SILVER_ SIU26

Weekly – In the June 2026 downtrend. Trade pressures are down.  Volumes remain bearish.

Daily – Flat. In a new move up off the 56.13 low pivot on 6/26 is stalling. Trade pressures are down.  Volumes are now bearish.

The next target up is 63.21, and a new long entry. Overbought levels decline to 64.

A close below 60.30 would signal lower.  The oversold levels rise to 56.

[OB/OS channel is narrowing.]