#copperfutures #goldfutures #silverfutures
COPPER_ HGH22
Weekly – Remains in the long uptrend from June 2020. Trade pressures are up. Volumes are bullish.
Daily – Flat. Out at a loss. Can’t trade against the weekly trade pressures. Trade pressures are up. Volumes are bullish.
The next target up is 4.64.
A close below 4.42 would signal lower.
GOLD_ GCM22
Weekly – In the June 2021 downtrend. Trade pressures are up. Volumes are bullish.
Daily – Long. In the move up from the 1796 long entry of 12/17/21. Trade pressures are up but declining. Volumes are now neutral.
Need a touch of 1816 to reenter the long trade. The next target up is 1854.
A close below 1808 would signal lower. Use 1808 as the SL.
SILVER_ SIH22
Weekly – In the August 2021 downtrend. Trade pressures are up. Volumes are now bullish.
Daily – Long. in the move up from the 22.43 long entry and the retracement at 23; the breakout and retracement to the downtrend resistance line. Trade pressures are up and trending. Volumes are bullish.
The next target up is 25.49.
A close below 24.19 would signal lower and act as the SL.