#copperfutures #goldfutures #silverfutures
COPPER_ HGN22
Weekly – Still in the June 2020 up trend, but hard down this past week. Trade pressures are down. Volumes are bearish.
Daily – Flat. The break down of the the 4.74 short entry set the 4.31 downside target. Trade pressures are down. Volu es are bearish.
The next target down is 4.31.
A close above 4.42 would signal a retracement up of the move down.
GOLD_GCM22
Weekly – In the February 2022 Uptrend. Trade pressures are down Volumes are bearish.
Daily – Flat. In the move down from the April 29th short entry at 1958. Trade pressures are down but rising into the neutral zone. Volumes are now neutral.
The next target down is 1814.
A close above 1940 would signal higher.
SILVER_ SIN22
Weekly – In the March 2022 uptrend. Trade pressures are down. Volumes are bearish.
Daily – Flat. In the move down from the March 9th short entry at 26.51. Trade pressures are down. Volumes are bearish.
The next target down is prior low of 21.50.
A close above the 24.13 would signal higher.