#copperfutures #goldfutures #silverfutures

COPPER_ HGU22

Weekly – In the May 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. At the 3.55 100% downside target. Trade pressures are down. Volumes are bearish.

The next target down is that 3.55 target. Expect consolidation and retracement here.

The next target up is the new long entry at 3.74.

 

GOLD_ GCQ22

Weekly – In the May 2022 uptrend and testing support. Trade pressures are down. Volumes are bearish.

Daily – Flat. Did get the short entry on 6/29 and traded down to 1783. Trade pressures are down. Volumes are bullish.

The next target down is 1742.

The spike down was followed by a V retracement up. A close above 1815 would signal higher to the 1840 resistance area.

SL at 19.79.

 

SILVER_  SIU22

Weekly – In the May 2022 downtrend. Trade pressures are down. Volumes are bearish,

Daily _ Short. In the move down from 20.92. Trade pressures are down. Volumes are bearish.

The next target down is 19.09. Take profits at 19.09. SL 20.29.

A close above 20.25 would signal higher.

[7-5-22: Profit stop out at 19.09]