#copperfutures #goldfutures #silverfutures

COPPER_ HGZ26, MHGZ26

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

Daily –Flat. Big move up during the week to 6.74. Now OB. Trade pressures are up.  Volumes are bullish..

The next target up is 6.88. Resistance is at 6.73. The expected overbought level declines to 6.73.

A close below 6.58 would signal lower. The expected oversold levels decline to 6.29.

[OB/OS channel is declining.]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the new August 2026 uptrend.  Trade pressures down. Volumes remain bullish.

Daily – Flat. In the move up from 4274 low pivot on 9/16. Higher lows. Trade pressures are up.  Volumes are bullish.

The next target up is 4502. The expected overbought level declines to 4424.

A close below 4355 would signal lower. The expected oversold level declines to 4250.

[OB/OS channel is declining.]  GVX @ 23 = investable. The 30 level would indicate Chop.

[9-18-26: Gold is sensitive to interest rates. The 10yr yield is coming off the recent high; so any decline in rates could set up a new long for Currency equivalent metals.]

 

SILVER_ SIZ26

Weekly – In the June 2026 downtrend. Trade pressures are down.  Volumes are now bullish.

Daily – Flat. Consolidating at the 66.30 level (resistance).  Trade pressures are up.  Volumes remain bullish.

The next target up is 67.85..  Overbought levels decline to 68.

A close below 65.76 would signal lower. The oversold levels decline to 61.

[OB/OS channel is declining.]