#copperfutures #goldfutures #silverfutures

COPPER_ HGH22

Weekly – Remains in the June 2020 uptrend. Trade pressures are in the neutral zone. Volumes are neutral.

Daily – Long  In the move up from the Jan 8th entry at 4.40. Trade pressures are down. Volumes are bearish.

The next target up is 4.64.

A close below 4.40 would signal lower. Use 4.40 as the SL.

 

GOLD_ GCM22

Weekly – The Ukraine attack by Russia spike gold to a 1976 high followed by an equally dramatic selloff. Trade pressures are up. Volumes are now bearish.

Daily – Flat. Stopped out at the low end of the range at 1879. Trade pressures are up but declining. Volumes are now neutral.

The next target down is 1847.

A close above 1911 would signal higher.

 

SILVER_ SIH22

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

Daily – Short.  No position. Trade pressures are down into the neutral zone. Volumes are now neutral.

The next target down is 23.64.

Need a close back above 24.41 to get the long move going again.