COPPER_
Weekly – after rising above the 25 moving average, price has now pulled back to test that break out. Trade pressures are up. Volume has turned bearish from bullish. The next target up remains 3.005.
Daily – Stopped out last week at the 2.81. The new short trade is from 2.76 with a 2.68 target. Trade pressures are down. Volume is bearish.
A trade close above 2.86 would stop this short trade and signal higher.
GOLD_
Weekly – still in the downtrend. Trade pressures are down. Volume is neutral from last week’s bullish. the 1045 downside target is still in place.
Daily – the 1190 was the stop from the 1184 long entry and it was triggered for a 6 pt gain. A second close below the 1193 short entry will trigger the new short. the next target down is 1130. Trade pressures are down. Volume is bearish.
A close above 1200 is the stop.
SILVER_
Weekly – still in the downtrend with the 10.70 target in place. Trade pressures are up. Volume has changed to neutral from bullish.
Daily – In the long trade from 16.33, did not reach the 17.89 target. Now in a retracement of the up-move. Need a close above 17.16 to restart the move up.
Stops are still 16.33