#copperfutures #goldfutures #silverfutures
COPPER_ HGH22
Weekly – Remains in the June 2020 uptrend. Trade pressures are up. Volumes are bearish.
Daily – Short. In the new move down from the 4.42 short entry. Trade pressures are down. Volumes are bearish.
The next target down is 4.24.
A close back above 4.47 would signal higher.
GOLD_ GCM22
Weekly – In the June 2021 downtrend. Trade pressures are in the neutral zone. Volumes are now neutral.
Daily – Flat. In the move up from the 1796 log entry. Trade pressures are up but declining. Volumes are bullish.
The next target up is 1835. Need a cycle lower to below 1800 to re-enter the long trade.
A close below 1821 would signal lower.
SILVER_ SIH22
Weekly – In the August 2021 downtrend. Trade pressures are up. Volumes are neutral.
Daily – Long, from a second leg up from the 22.43 long entry. Trade pressures are up but declining. Volumes are bullish.
The next target up is 23.45.
A close below 22.59 would signal lower. Use as SL.