Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN22

Weekly – In the May 2022 downtrend. Trade pressures aer up into the neutral zone. Volumes are neutral.

Daily – Long . Bullish reversal on 5-27 of the Trade pressures; which are now up. Volumes are now neutral.

Two day rally June 1st and 2nd moved price above the 4.49 target. The next target up is 4.60.

Now in pullback. The close below 4.48 starts the retracement. The next target down is 4.40.

 

GOLD_ GCQ22

Weekly – Testing the support of the May 2021 uptrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. Testing the new long entry at 1872, but not yet. Trade pressures are up. Volumes are bullish.

The next target up is 1952.

Support at the 1846 level. short if this gives way.

 

SILVER_ SIN22

Weekly – In the May 2022 downtrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. In the consolidation around the 21.93 long entry price. Trade pressures are up. Volumes are bullish.

The next target up is 23.40.

A close below21.74 would signal lower and a stop to any long position.