COPPER_

Weekly – The Chinese market swings have been reflected in the copper prices. The January lows have been retested and as a result the first quarter’s up-move is stopped. Trade pressures are down but volume has turned decidedly bullish, probably reflecting short covering.

Daily – Trade is flat.  Two days hard down and thru the 2.49 target and then a reversal back up to the 2.49 target. This price action stopped the trade at the 2.49 downside target for a $.21 move. Trade pressures are up volume is mixed, closing bearish at the weeks end.

GOLD_

Weekly – Remains in the long trend down. The old 1142 down side target area has been tested for the third time. A break would signal lower to the 1046 weekly target. Trade pressures have turned back and are now neutral. Volume remains bearish.

Weekly time pressures are down and will end in the first week of September.

Daily – While in the downtrend, no trade has been signaled. Trade pressures are neutral. Volume is bearish.

SILVER_

Weekly – In the long term downtrend, Downside target remains 10.70. Trade pressures are down. Volume has turned bullish.

Daily –  the May 19th downside trade has completed, meeting the 14.66 extended downside target for a 2.70 move. Trade pressures have turned neutral. Volume is neutral.