#copperfutures #goldfutures #silverfutures
Weekly – Remains in the June 2020 uptrend. Trade pressures are down but rising. Volumes are bearish.
Daily – Flat. The 4.40 new long entry was touched then a pullback from there. Trade pressures are down. Volumes are bullish.
A bullish reversal in the trade pressures could move up thru 4.40 and start the new move up. The next target up is 4.62.
A close below 4.20 would signal lower.
GOLD_ GCM22
Weekly – In the May 2021 uptrend. Trade pressures are down. Volumes are bearish.
Daily – Flat. After a brief foray above the downward channel, now back into the channel. Trade pressures are up but stalling.
The next target up is the new long entry at 1795 and the 200 day MA.
A close below 1766 signals lower to the 1694 target.
SILVER_ SIH22
Weekly – In the August 2021 downtrend. Trade pressures are down. Volumes are bearish.
Daily – Flat. At the 21.74 downside target. Trade pressures are down but rising. Volumes are bearish.
The next target down is 20.84.
A close above 22.78 would signal higher.