Metals

#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.]