#copperfutures #goldfutures #silverfutures

COPPER_ HGZ26, MHGZ26

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

Daily –Flat. Remains in the downward channel. Trade pressures remain down.  Volumes are now bearish.

The next taret down is 6.36. The expected oversold levels rise to 6.32.

A close above 6.59 would signal higher.  The expected overbought level rises to 6.65.

[OB/OS channel is rising.]

[10-31-26: OB/OS channel is rising. Look for some support at 6.38 ]

 

GOLD_ GCZ26, MGCZ26

Weekly – In the new October 2026 downtrend.  Trade pressures remain down. Volumes remain bearish.

Daily – Flat. In the move down to the 3888 target. Trade pressures are down.  Volumes remain bearish.

The next target down remains 3760.  The expected oversold level declines to 3923.

A close above 3917 would signal higher. The expected overbought level declines to 4125.

[OB/OS channel is declining.]  GVX @ 26 = Chop. The 26-30 level would indicate Chop.

[10-31-26: Sharp selling in gold doesn’t square with renewed bombing of Iran. Mid-term election hedge?]

 

SILVER_ SIZ26

Weekly – In the July 2026 downtrend; breaking support. Trade pressures remain down.  Volumes remain bearish.

Daily – Flat. As with gold; a sharp sell-off to 49.27.  Trade pressures are down.  Volumes remain bearish.

The next target down is 36.50; again, well below the OS level. The oversold levels decline to 49.63

A close above 50.23 would signal higher.  Overbought levels decline to 55.83

[OB/OS channel is declining.]