COPPER_ Uptick in China indices this Monday morning.
Weekly – this retracement up in the weekly downtrend continues. Trade pressures are up. However, volume turned to bearish at last weeks close. The 25×5 moving average has stopped the momentum.
Daily – The daily trade up met multiple targets in the 2.85-2.87 area; in consolidation now. Trade pressures are up. Volume is neutral. The next target up is 3.06.
a close below 2.74 would signal lower.
GOLD_
Weekly – Trade pressures are neutral. Volume is bearish. still in the down trend. the next weekly target down is 1045.
Daily – In a new retracement trade up from the 1184 long entry. Trade pressures are up. Volume is bearish these last three days. The next target up is 1252. Stops are at the 1150 lows.
SILVER_
Weekly – Trade pressures are neutral. Volume is bullish. the long entry is 21.47.
Daily – In the long trade from 16.33. The next target up is 18.05. Trade pressures are up. Volume is bearish.