#copperfutures #goldfutures #silverfutures

COPPER_ HGZ22

Weekly – In the May 2022 downtrend. Trade pressures are up. Volumes are bullish. Resistance held.

Daily – Short. In the move down from the 11/16 entry at 3.78. Trade pressures are down. Volumes are bearish.

The next target down is 3.54. TP at 3.54.

A close above 3.72 would signal higher. Use 3.72 as SL.

[11/21/22: Lower SL to 3.60.]

[11/22/22: Stopped out at 3.60.]

 

GOLD_ GCZ22

Weekly – In the July 2022 downtrend. Trade pressures are up.  Volumes are bullish.

Daily – Flat. Near the new short entry, volumes do not confirm. Trade pressures are down into the neutral zone. Volumes are neutral.

The next target down is the new short entry at 1748. Oversold is at the 1682 level.

A close above 1768 would signal higher. Overbought is at the 1815 level.

[11/21/22: GCZ22 Short at 1748. Set SL at BE. TP @1701. Close Trade on Wednesday before TG.]

[11/22/22: Stopped out at BE. 1748.]

 

SILVER_ SIZ22

Weekly – In the May 2022 downtrend. Testing the upside resistance. Trade pressures are up. Volumes are

bullish.

Daily – Short. In the move down from the 21.33 entry on 11/17. Trade pressures are down, Volumes are bearish.

The next target down is 20.60, then 20.18. TP at 20.18.

A close above 21.67 would signal higher. Use 21.67 as the SL.

[11/21/22: Lower SL to 21.00.]

[11-22-22: Stopped out in the overnight trading @ 21.00]