Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH22/HGN22

Weekly – In the June 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Long in the move up from the Feb 8th long entry. Trade pressures are up. Volumes are low, need to roll the contract.

Sell HGH22 at the Monday open.

HGN22 now at 4.91 target.

A close below 4.83 would signal lower.

 

GOLD_ GCM22

Weekly –  In the new Feb 2022 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the March 1st new long entry at 1930.82. Trade pressures are up. Volumes are bullish.

The spike high and the short retracement was all in the single wide range bar on Feb 24th. since then the move up has resumed. The next target up is the prior high at 1979.

A close below 1943 would signal lower.

 

SILVER_ SIK22

Weekly – In the new uptrend from the first week in March. Trade pressures are up. Volumes are bullish.

Daily – Long, in the new move up from the Feb 28th break above 24.58. Trade pressures are up. Volumes are bullish.

The next target up is 27.97. Waiting for a back test to the 24.35 support level to go long.

A close below 24.96 would signal lower.

So, confusing, I know.