Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN22

Weekly – In the May 2022 downtrend. Trade pressures are up in the neutral zone. Volumes are bearish.

Daily – Flat. In the move down from the 4.356 short entry June 9th. Trade pressures are down. Volumes are bearish.

The next target down is 3.55.

A close above 3.83 would signal higher.

 

GOLD_ GCQ22

Weekly – Continues the test of the May 2021 uptrend. Trade pressures are rising into the neutral zone. Volumes are bearish.

Daily – Short. The break of the 1816 level has set up a short entry. Trade pressures are up. Volumes are now neutral.

The next short entry is still the 1816 level level, but to be conservative in this volatile market, but now the weekly Trade pressures are rising, so the daily trade is not confirmed.

Wait for the next bearish reversal of the daily Trade pressures.

A close above1836 would signal a new move higher.

 

SILVER_ SIN22

Weekly – In the May 2022 downtrend. Trade pressures are down but rising. Volumes are bearish.

Daily – Flat. Testing the short entry at 20.92. Trade pressures are down. Volumes are bullish.

The  weekly confirms the downward pressures. Short any move below the 20.92 level.

A close above 21.40 would signal higher. Use as SL.