#copperfutures #goldfutures #silverfutures

COPPER_ HGN22

Weekly – In the new May 2022 downtrend. Trade pressures are down but rising. Volumes are now neutral.

Daily – Long. In the new move up from 4.26. Trade pressures are up. Volumes are bullish.

The next target up is 4.49. Take profits early as the weekly is down.

A close back below 4.22 would signal lower and is the SL.

[5-23-22: Raise the SL to the 4.26 breakeven.]
[5-24-22: Stopped out at breakeven.]

 

GOLD_ GCM22

Weekly – In the May 2021 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down, but has broken out of the down channel. Trade pressures are up. Volumes are bullish.

The next target down is a retest of the 1812 downside target. But buy at a back test of the channel line and the lower median line below 1812.

A close above 1865 would confirm the move up off the 1785 low.

 

SILVER_ SIN22

Weekly – In the new may 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – long. In the new move up from the 21.93 long entry on 5-19-22. Trade pressures are up. Volumes are bullish.

The next target up is 23.44.

A close below the 20.42 weekly low would signal lower.

set SL at 21.25.

[5-26-22: Raise stop to breakeven.]