Metals

#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.]