Metals

COPPER_
Weekly – the trade pressures have been down for months and now are showing a small bit of lift. Volume has been neutral suggesting some accumulation, but turned back to bearish last week. The old 2.64 target acting as resistance.

Daily – in the long trade from the 2.52 entry price. The next target up is 2.69 but the 2.53 pivot is acting as resistance. Trade pressures are neutral. Trade volume is bullish.

a close below 2.56 would signal lower.

GOLD_
Weekly – Price closed down for each of the last four weeks. Volume has been bearish for these last two weeks. Trade pressures are up but rolling over. The recent low of 1141.50 is support.

Daily – the trade is short from the 1279 entry price. Price has traded down thru the first 1231 target. the next target down is 1182. Trade pressures are up. Volume is bearish.

Need a trade close above 1239 to signal higher.

SILVER_
Weekly – could not close above the moving average and has pulled back. 14.00 is the support level and the next target down is 10.70. Weekly trade pressures are neutral. Volume is bearish.

Daily – remains in the move down from the 16.66 short entry. the next target down is 13.69, but the pivot at 15.53 is near term support. Volume is bearish. trade pressures are down.

Need a close above 17.22 to signal higher.