#copperfutures #goldfutures #silverfutures

COPPER_ HGH23

Weekly – Still testing the resistance in the May 2022 downtrend. Trade pressures remain in the neutral zone. Volumes are bullish.

Daily – Long, form the 3.66 long entry on 11/30. Trade pressures are up. Volumes are bullish.

The next target up is the 3.90 upper median line. 3.81 is the overbought level. Set this 3.81 as the SL.

A close below 3.79 would signal lower.

[12-5-22: Stopped out at the 3.81 SL]

 

GOLD_ GCG23

Weekly – In the July 2022 down trend. Trade pressures are up. Volumes are bullish.

Daily – Long, from the 1776 long entry on 11/30. Trade pressures are up. Volumes are bullish.

The next target up is 1840. 1815 is the overbought level. Set the SL at the gap , 1782.

A close below 1752 would signal lower.

[12-5-22: Stopped out at the 1782 SL.]

 

SILVER_ SIH23

Weekly – In the new December 2022 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Long. In the  move up from the new long entry at 22.41 on 12/1. Trade pressures are up. Volumes are bullish.

The next target up is 23.48. Overbought is at 23.48. TP at 23.48.

A close below 22.80 would signal lower. Use 22.80 as the SL.

[12-4-22: Profit stop at 23.48 taken Sunday nite session.]