#copperfutures #goldfutures #silverfutures
COPPER_ HGH22
Weekly – Remains in the June 2020 uptrend. Trade pressures are down. Volumes are now bullish.
Daily – Flat. The close above 4.33 stopped out the short trade. Trade pressures are up. Volumes are bullish.
The next target down is 4.24.
A pullback to the 4.40 support level would be a re-entry into the long trade.
GOLD_ GCM22
Weekly – In the June 2021 downtrend. Trade pressures are down. Volumes are bearish.
Daily – Flat. In the move down from the 1827 short entry. Trade pressures are now up. Volumes are bullish.
The next target down is 1779.
A close above the 25×5 MA at 1819 would signal higher.
SILVER_ SIH22
Weekly – In the August 2021 downtrend. Trade pressures are down. Volumes are bearish.
Daily – Flat. In the move down from the 23.78 short entry. Trade pressures are bearish but rising. Volumes are neutral.
The next target down is 20.63.
A close above 22.65 would signal higher.