COPPER_ China seems to be accumulating industrial metals.
Weekly – broke out of the downtrend with authority. Trade pressures are up. Volume is bullish.
Daily – Long from the 2.78 entry price and at the first target of 2.91. The next target up is 2.97.
Stops at 2.65.
GOLD_
Weekly – Trade pressures are down and Volume is bearish. Still have the 1045 target active.
Daily – after triggering the short trade on 4/24 attempted a rally but now the last three days have traded below the short entry. The next target down is 1143. Trade pressures are neutral. Volume is bearish.
Stops at 1217.
SILVER_
Weekly – still no momentum. Trade pressures are flat. Volume is bearish. looking for a retest of the lows.
Daily – still in the March long trade from 16.33.
Trade pressures are flat. Volume is neutral. the retracement trade down is complete after reaching the 15.61 downside target. The next target up is 16.050. the next target down is 14.38.