#copperfutures #goldfutures #silverfutures
COPPER_ HGN22
Weekly – IN the June 2020 uptrend. Trade pressures are down. Volumes are bearish.
Daily – Flat. In the move down from the 4.74 level. Trade pressures are down but rising. Volumes are bearish.
The next target down is 3.96.
A close above 4.43 would signal higher.
GOLD_ GCM22
Weekly – In the May 2021 uptrend. Trade pressures are down. Volumes are bearish.
Daily – Flat. Still in the move down from the 1958 short entry of 4/19. Trade pressures are just now up. Volumes are bearish.
The next target down is, first, the prior low at 1849, then the 1812, the 100% target.
A close above 1892 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 25.72 short entry on 4/19. Trade pressures are dwon. Volumes are bearish.
The next target down is 21.50 support level.
A close above 22.22 would signal higher, especially if the 21.50 support holds.