COPPER_

Weekly – Trade pressures are above zero, positive, and Volume is confirming with weeks of bullish reads.

This 3.00 is acting as resistance.

Daily – in the up-trade and consolidating at the first target of 2.91. The next target up is 2.97 then 3.07.

a close below 2.81 would stop out this trade.

GOLD_ a Hint of inflation?

Weekly – Volume turns bullish, but still in the negative trade pressures. 1045 is still the downside target.

Daily – Volume gave a buy signal mid week. Trade pressures have turned up. A short cycle long entry occurred at 1190. The 1221 target is acting as resistance. The next target up is 1253.

Stops at the 1190 entry price.

SILVER_ You know something is happening when you start to see all the “JPM is short a massive position” conspiracy stories come out again.

Weekly – Trade pressures remain flat. Volume has turned bullish. Down side target remain 10.70.

Daily – Had a spike down to 16.0 to flush the weak longs out and then turned up on good volume mid week. A re-entry of the March long trade at 16.33 was signaled. The next target up is 18.05.

Stops at the long entry of 16.33.