COPPER_ remains in long term downtrend.
Weekly – the two targets at 2.96 and 2.92 have provided support for the last year.
Trade pressures are oversold and volume pressure is bearish.
the next target down is 2.62.
Daily – consolidating at the 3.00 downside target.
the next target down is 2.80.
trade pressures are up. volume is bullish.
a close above 3.09 starts a new move up.
GOLD_
Weekly – has been is this basing process for more than a year.
a close above 1238 provides a weekly long entry.
trade pressures are up. volume is bearish.
Daily – in the long entry from 1205. have reached the first 1245 target and now pulling back to the 25×5 MA.
Trade pressures are down and volume is bearish.
a second time thru at 1244 should restart the move up.
SILVER_
Weekly – has moved to test the 16.25 target.
trade presures are over sold, vol is bearish.
Daily – in the long trade from 17.33. the next target up is 18.43.
trade pressures are down. vol is bearish.
need a close above the 25×5 MA to confirm a move up.