#copperfutures #goldfutures #silverfutures
COPPER_ HGH22
Weekly – Continues in the July 2020 uptrend. Trade pressures are down. Volumes are bearish.
Daily – Flat. In the move down from the 4.60 short entry in October 2021. Trade pressures are up. Volumes are now neutral.
The next target down is 3.91.
A close above 4.32 would signal higher.
GOLD_ GCM22
Weekly – In the June 2021 downtrend. Trade pressures are down but rising. Volumes are bullish.
Daily – Flat. The 1765 support level has held. Trade pressures are up. Volumes are bullish.
The next target down is 1701.13.
A retracement has begun with gold breaking above 1793 and the 200 day MA. the new uptrend is above 1818,
SILVER_ SIH22
Weekly – In the August 2021 downtrend. Trade pressures are down. Volumes are bearish.
Daily – Flat. Testing the new long entry. Trade pressures are up. Volumes are now bullish.
The next long entry is 22.43.
[12-21-21: Long at 22.43. SL at 21.93.] [12-21-21:raise the SL to breakeven, 22.43.]
A close below 21.93 would signal lower.
[12-22-21: Raise SL to 22.60.] [Profit target is 23.00]
[12-27-21: Sold long at 23.00 limit.]