#copperfutures #goldfutures #silverfutures

COPPER_ HGZ22

Weekly – In the May 2022 downtrend. Trade pressures are neutral. Volumes are now neutral.

Daily – Flat in the move up off the 3.42 low pivot. Trade pressures are up. Volumes are now neutral.

The next target up is a new long entry at 3.50 which has been triggered. But overbot, wait for a cycle down on the 2 hr chart and entry on a bullish reversal.

A close below the 3.42 low pivot would signal lower. 3.30 is the over sold range.

 

GOLD_ GCZ22

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

Daily – Flat. In the move down from the 1773 short entry on 8/18. Trade pressures are down. Volumes are now bullish.

The next target down is 1620. 1651 is oversold range.

A close above 1684 would signal a retracement up of this move down.

 

SILVER_ SIZ22

Weekly – In the may 2022 downtrend. Trade pressures are rising in the neutral zone. Volumes are now neutral.

Daily – Flat. Silver has held up in the gold move down. Trade pressures are now down. Volumes are bullish.

The new long entry at 18.83 has been triggered and is now in a back-test of that breakout. Enter trade as the daily pressures reverse.

A close below 18.65 would signal lower.