#copperfutures #goldfutures #silverfutures
COPPER_ HGZ22
Weekly – In the May 2022 downtrend. Trade pressures are Neutral. Volumes are now bullish.
Daily – Long. In the new move up from 3.52 after being stopped out at the 3.46 level. Trade pressures are up. Volumes are bullish.
The next target up is 3.68 and would be an overbought level. Take profits there.
A close below 3.53 would signal lower.
[9/12/22: Raise SL to 3.58.]
GOLD_ GCZ22
Weekly – In the July 2022 downtrend. Trade pressures are down. Volumes are bearish.
Daily – Long. In the new move up from the 1731 level. Trade pressures are up. Volumes are bearish.
The next target up is 1763 and would also be an over bought level. Take profits there.
A close below 1715 would signal lower.
[9/12/22: Sell gold at mkt ,1735.]
SILVER_ SIZ22
Weekly – In the May 2022 downtrend. Trade pressures are down. Volumes are now neutral.
Daily – Flat. In a small move up but the trigger for a new long is 18.83. Trade pressures are up. Volumes are bullish.
The next target up is the 19.16.
A close below 18.32 would signal lower.