#copperfutures #goldfutures #silverfutures
COPPER_ HGH22
Weekly – Remains in the June 2020 uptrend. Trade pressures are now down. Volumes are bearish.
Daily – Short. The 1/28 close below 4.42 triggers the new short. Trade pressures are down. Volumes are bearish.
The next target down is 4.24.
A close above 4.33 could trigger a retracement up.
GOLD_ GCM22
Weekly – In the May 2021 uptrend. Trade pressures are down. Volumes are bearish.
Daily – Flat. In the retracement move down from the 1827 short entry. Trade pressures are down. Volumes are bearish.
The next target down is 1779.
A close above 1796 would restart the long trade.
SILVER_ SIH22
Weekly – In the August 2021 downtrend. Trade pressures are down into the neutral zone. Volumes are bearish.
Daily – Flat. In the move down from the 200 day MA resistance at 24.70. Trade pressures are down. Volumes are bearish.
The next target down is 20.83
A close above 22.85 would restart the move up.