all commodities seem to track the China news cycle.
COPPER_ in the slow grind up from 3.54. the 3.75 target was reached then pulled back to the entry price once again.
Now in the second move up with a 3.96 target in place.
Long term time pressures are down til mid February. a trade below the long entry price would signal lower.
GOLD_ since reaching the downside target of 1632 on 12/21 and 1/4 the market has been directionless, consolidating.
the trade bias is up, but the first long signal failed and now a trade above 1674 would signal a new move up.
time pressures remain down into Feb.
SILVER_ time pressures turn up on the 15th of Jan. the trade is now long from 30.55 but significant resistance is at 31.23.
a very tight stop is warranted.