Metals

COPPER_ Still reflecting uncertainty.

Weekly – The trade pressures are still down. But volume has been neutral for three weeks now. So some directional change is possible. The weekly trade is still down with the 2.32 target next.

Daily –  The daily trade is up from the long entry of 2.52 inside the weekly move down; so most likely short covering. The next target up is 2.69, but expect resistance at the 2.63 pivot.  Trade pressures are up. Volume is bullish.

A close below 2.48 would signal.lower.

GOLD_ after reaching the 1142 downside target on the weekly, Gold has been grinding higher in a retracement move up.

Weekly – Trade pressures are up. Volume is bullish. These last three weeks have seen a pullback to the moving average. Need a close above 1426 to confirm a long term move up.

Daily – consolidating at the 1304 upside target. In the middle of a retracement down to 1230.  Trade pressures are down. Volume is bearish.  The next target down is 1182.  Need a close above 1271 to restart the move up.

SILVER_ is testing the lows of 14.00.  everything is on very low volume.

Weekly – Trade pressures are up. Volume is changed from bearish to neutral. The weekly next target down remains 10.70.

Daily – The trade is in a retracement down for the upside target of 18.22. The next short entry is a close below 16.66 with a downside target of 13.69.