COPPER_ Long term pressures are still down, but showing some divergences.

the weekly trade next target down is 3.08.

The daily trade is up after trading thru the long entry of 3.39. But near the stop of 3.306, so be careful.
seems to be a china trade just now.

need a trade back thru the 3.39 to reconfirm.

 

GOLD_ Big move down last week. the Daily long entry of 1597 was not reached and failed.
the short trade closed below the multiple targets at the 1528 level.

the long term supports at 1506 have failed. should see some attempt to push back above them.
if that retracement fails, the next weekly target down is 1452. if 1452 fails then 1393 is the further target down.

Daily pressures are down. need a move above 1543 before a new up-move can start.

[monday update: all downside targets met in the overnight and in the pre-market. the next target down is 1210-1215.
all pressures remain down.]

SILVER_ silver has traded down to the 26.26 target and has taken out the 26.08 lows of June 2012.
the next weekly target down is 19.21.

The next daily target down is 24.79.

need a trade above 27.98 to get a new up-move started.

[update: the 24.79 target was breached, now sitting on the 23.24 target. the 19.21 weekly target is the next one down.]