#copperfutures #goldfutures #silverfutures
COPPER_ HGU22
Weekly – In the May 2022 downtrend. Trade pressures are down. Volumes are bearish.
Daily – Long. In the move up from the 7/25 entry @ 3.35. Trade pressures are up. Volumes are bullish.
The next target up is 3.59. [Take profits above 3.53.]
A close below the long entry price is the stop loss.
[7-31-22: Raise SL to 3.53]
[8-1-22: Stopped out at 3.53.]
GOLD_ GCZ22
Weekly – In the July 2022 downtrend. Trade pressures are down but rising. Volumes are now neutral.
Daily – Long. In the move up from the 7/29 entry @1766. Trade pressures are up. Volumes are bullish.
The next target up is 1787.
[Take profits above 1782.]
A close below 1744 would signal lower. Use this as the SL, raise to breakeven once outside the avg true range.
[7-31-22: Sold at 1782.]
SILVER SIU22
Weekly – In the May 2022 downtrend. Trade pressures are down but rising. Volumes are now bullish.
Daily – Long. In the new move up from the 7/28 entry @ 19.35. Trade pressures are up. Volumes are bullish.
The next target up is 20.97.
[Take profits above 20.15.]
A close below 19.35 would signal lower. Use this level as the SL.
[7-31-22: Raise SL to 20.15.]
[8-2-22: Stopped out @ 20.15.]