Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ22

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

Daily – Flat. Still in the move up. Trade pressures are down. Volumes are bearish.

A bullish reversal of the trade pressures and the re-cross of the long entry at 3.40 would signal higher.

The next support level is 3.31.
3.21 is the oversold level.

 

GOLD_ GCZ22

Weekly – In the July 2022 downtrend. Trade pressures are rising. Volumes are still bullish.

Daily – Flat. In a pull back after the rally to the median line. Trade pressures are down into the neutral zone. Volumes are bullish.

Stopped out at the 1701 SL. The next target up is 1750.

A close below 1697 would signal lower. 1613 is the oversold level.

 

SILVER_ SIZ22

Weekly – In the May 2022 downtrend. Trade pressers are up. Volumes are bullish.

Daily – Short. In the move down from the 20.42 short entry. Trade pressures are up but declining. Volumes are neutral.

The next target down is 19.53.

A close above 20.84 would signal higher. Use this as the SL.