Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH22

Weekly – In consolidation from the May 2021 high. Trade pressures are rising into the neutral zone. Volumes are bearish.

Daily – Long in the move up from the 4.40 entry on 2/8. Trade pressures are down. Volumes are bearish.

The next target up is 4.53.

Set the stop at the breakeven at 4.40.

 

GOLD_ GCM22

Weekly – In the June 2021 downtrend. Trade pressures are up into the neutral zone. Volumes are now bullish.

Daily – Long. In the  move up from the 1807 long entry. Trade pressures are up. Volumes are bearish.

The next target up is the prior high of 1857, then 1884.

A close below 1827 would signal lower. Use that as a stop.

 

SILVER_ SIH22

Weekly – In the August downtrend. Trade pressures are now up. Volumes are now neutral.

Daily – Long. In the new move up from the 22.70 long entry. Trade pressures are up but turning down. Volumes are bullish.

Wait for the bullish reversal of the trade pressures and a retracement to the 22.70 entry.  The next target up is 23.98.

A close below 23.15 would signal lower. Use that a s SL.