#copperfutures #goldfutures #silverfutures

 

COPPER_ HGZ22

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

Daily –  Flat. In the move up off the 3.24 low pivot. Trade pressures are up. Volumes are bullish.

The next target up is the new long entry at 3.41.

A close below the  3.24 level would signal lower. Use this as the SL.

[10/4/22: long @ 3.41. Raise stop to BE, 3.41. Take profits at 3.56.]

[10/5/22: Raise the stops to 3.45.]

 

GOLD_ GCZ22

Weekly – In the July 2022 downtrend. Trade pressures are down. Volumes are now bullish.

Daily – In the new move up from the 1654 long entry. Trade pressures are up. Volumes are now bullish.

Wait for a pull back to enter near the 1660 level. The next target up would be 1686.

A close below 1622, the prior low, would signal lower. Use this as the SL.

[10/4/22: Long at the small back-test at 1666. Next target up is 1750. Set SL at 1695, the 25×5 MA]

[10/5/22: Raise the stop to 1701.]

 

SILVER_ SIZ22

Weekly – In the May 2022 downtrend. Trade pressures are in the neutral zone. Volumes are now bullish.

Daily – Flat.  In consolidation around the 18.00 level. Trade pressures are up. Volumes are now bearish.

The next target up is 20.00.

A close below 17.81 would signal lower.

[10/4/22: completely missed this trade. Flat.]