#copperfutures #goldfutures #silverfutures

COPPER_ HGZ22

Weekly Continues the May 2022 downtrend, Trade pressures are in the neutral zone. Volumes are now bearish.

Daily – Short. In the new move down from the 3.42 entry on 9/1. Trade pressures are down. Volumes are bearish.

The next target down is the prior low at 3.13 then 3.05.  The OverSold level is 3.32, so lower stops aggressively.

A close above 3.46 would signal a new move up. Use this level as the SL.

 

GOLD_ GCZ22

Weekly – In the July 2022 downtrend. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat.  At the oversold level of 1704. Trade pressures are down but rising. Volumes are now bullish.

The new long entry is a close above 1731.

A close below 1707 signals a short. Use this level as the SL. High inverse correlation to the USD.

[9-7-22: New long entry @1721.] [Raise SL to BE, 1721.]

 

SILVER_ SIZ22

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

Daily – Flat. In the move down below the July low of 1808. Trade pressures are down but rising. Volumes are bearish.

The next target down is 17.58 which should act as support.

A close above 18.26 would signal a new long entry.