COPPER_
The FXI China 25 has been rallying, but no corresponding move in copper.
weekly trade pressures are up and volume pressures are down.
Daily trade pressures are down. volume pressures are down also.
the move up from Mar ’14 was completed at the 3.28 target in June.
Now in the retracement move down from 3.20 with a 3.00 target.
need a move up thru 3.21 to restart a new up-move.
GOLD_
No response to the geopolitical unrest around the world. All the metals have a similar sideways-to-down pattern.
the Weekly trade pressures are down; the vol pressures remain down.
the weekly 1142 target down remains in place.
Daily trade pressures are down and volume pressures are down.
the next target down is 1153.
need a trade above the 1346 pivot to move this metal.
SILVER_
Oscillating between the 18.35 low and the 21.03 long entry.
Weekly Trade pressures are down and vol is down and very light.
the next target down is 16.26.
the daily trade is down with all pressures down. the next down target is 18.45.
need a move above 19.73 to start some thing long.