Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH22

Weekly – Remains in the June 2020 uptrend. Trade pressures are down. Volumes are now bullish.

Daily – Flat. The close above 4.33 stopped out the short trade. Trade pressures are up. Volumes are bullish.

The next target down is 4.24.

A pullback to the 4.40 support level would be a re-entry into the long trade.

 

GOLD_ GCM22

Weekly – In the June 2021 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 1827 short entry. Trade pressures are now up. Volumes are bullish.

The next target down is 1779.

A close above the 25×5 MA at 1819 would signal higher.

 

SILVER_ SIH22

Weekly – In the August 2021 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 23.78 short entry. Trade pressures are bearish but rising. Volumes are neutral.

The next target down is 20.63.

A close above 22.65 would signal higher.