#copperfutures #goldfutures #silverfutures

COPPER_ HGN22

Weekly – In the May 2022 downtrend. Trade pressures are up in the neutral zone. Volumes are bearish.

Daily – Flat. In the move down from the 4.356 short entry June 9th. Trade pressures are down. Volumes are bearish.

The next target down is 3.43.

A close above 4.09 would signal higher.

 

GOLD_ GCQ22

Weekly – Continues the test of the May 2021 uptrend. Trade pressures are rising into the neutral zone. Volumes are bearish.

Daily – Long. Still in the long trade. The long entry last week resulted in an immediate stop out at the 1848 SL. Trade pressures are up. Volumes are now neutral.

The next long entry is still the 1972 level, but to be conservative in this volatile market, wait for the weekly Trade pressures to confirm the daily trade.

A close below 1816 would signal a new move lower.

 

SILVER_ SIN22

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

Daily – Flat. In the move up of the 20 42 low pivot. Trade pressures are up. Volumes are bullish.

As with gold must wait for the weekly to turn bullish. Could happen with a break above the 21.97 pivot high.

A close below 20.92 would signal lower.