#copperfutures #goldfutures #silverfutures

COPPER_ HGZ22

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

Daily – Short in the new move down from the 3.45 short entry on 10-14. Trade pressures are up. Volumes are now neutral.

The next target down is 3.32, which is the oversold number. So tighten up the stops quickly. TP at 3.32.

A close above 3.48 would signal higher; use that as the SL.

[10/17/22: Lower SL to BE at 3.45.]

[10/19/22: Profit stop met at 3.32.]

 

GOLD_ GCZ22

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

Daily – Short, from the 1688 entry on 10/10. Trade pressures are down. Volumes are bearish.

The next target down is 1637.50 which is also into the oversold area. Take profits at this level.

A close above 1651 would signal higher. Set this as SL.

[10/19/22: Profit stop met at 1637.]

 

SILVER_ SIZ22

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

Daily – Short in the move down from the 10/7 entry at 20.42. Trade pressures are down and extended. Volumes are bearish.

The next target down is 17.76. Take profits at this target.

A close above 18.86 would signal higher. Set this as SL.

10/17/22: SL hit at 18.86.]