#copperfutures #goldfutures #silverfutures

COPPER_ HGU26, MHGU26

Weekly – In the October 2025 uptrend. Trade pressures are up, but declining. Volumes are bullish.

Daily –Flat. The short entry at 6.66 on 8/7 has been stopped out at the entry price on 8/11. Made a lower high on 8/17 and continues lower. Trade pressures are down.  Volumes remain bearish.

The next target down is 6.39. The expected oversold levels rise to 6.45.

A close above 6.64 would signal higher. The expected overbought levels declines to 6.71.

[OB/OS channel is narrowing.]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the June 2026 down trend, should test resistance.  Trade pressures are up. Volumes remain bullish.

Daily – Flat. Continues the move up from the 4133 trigger on 8/4. Trade pressures are up.  Volumes are bullish.

Price at the next target up – 4500, and above OB. The expected overbought level rises to 4475.

A close below 4338 would signal lower. The expected oversold level rises to 4246.

[OB/OS channel is rising.]  GVX @ 24 = investable.

[8-18-26: Take profit at the 4410 level.]

 

SILVER_ SIU26

Weekly – In the June 2026 downtrend. Trade pressures are up.  Volumes remain bullish.

Daily – Flat. In a new move down from 65 on 8/18. Wait for a pullback enter short. Trade pressures are down into the neutral zone.  Volumes are bearish.

The next target down is 62.41. The oversold levels rise to 61.

A close above 65.39 would signal higher.  Overbought levels rise to 68.

[OB/OS channel is rising.]