#copperfutures #goldfutures #silverfutures

COPPER_ HGU26, MHGU26

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

Daily –Flat. Rallied to 6.86 with no pullback. The short entry at 6.66 on 8/7 has been triggered. Trade pressures are up, but declining.  Volumes are now bearish.

The next target down is 6.47. The expected oversold levels rise to 6.40.

A close above 6.71 would signal higher. The expected overbought levels rise to 6.85.

[OB/OS channel is rising.]

[8-7-26: If short, then the SL is the entry at 6.66]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the June 2026 down trend.  Trade pressures are up into the neutral zone. Volumes are bullish.

Daily – Long. In the new move up from the 4133 trigger on 8/4. Trade pressures are up.  Volumes are bullish.

The next target up is 4407. The expected overbought level rises to 4331.

A close below 4338 would signal lower. The expected oversold level rises to 4103.

[OB/OS channel is narrowing.]  GVX @ 25 = investable.

[8-5-26: got the breakout.]

 

SILVER_ SIU26

Weekly – In the June 2026 downtrend. Trade pressures remain down, but rising.  Volumes are now bullish.

Daily – Flat. In the new move up from 62 on 8/7.  Trade pressures are up.  Volumes are bullish.

The next target up is 69.17.  Overbought levels rise to 65.

A close below 62.61 would signal lower. The oversold levels rise to 57.

[OB/OS channel is rising.]

[8-7-26: Set the SL at 62.61.]

[8-10-26: Raise the SL to 64.96]