The US$ Dollar (DX) rise affects the metals.

COPPER_ HGZ15

Weekly – The China slowdown still in the news.

Copper in retreat since closing above the 2.42 weekly long entry confirmation. Trade pressures are down. Volume closed as bearish for the second week.

Daily – Flat. The price objective of 2.27 did not hold. Now retesting the 2.24 prior target. Trade pressures remain down. Volume is bearish.

The next target down is 2.21. The recent low is 2.19. Watch these targets for support.

Need a close above 2.30 to signal a new move up.

 

GOLD_ GCZ15

Weekly – In a downtrend. Trade pressures remain down. Volume has turned bearish from bullish.

Daily – Flat. In the move down from 1174. Profit taken at the 1120 target. Next target down is 1075. Trade pressures are down. Volume is bearish.

Need a close above 1108 to signal a new move up.

 

SILVER_  YIZ15

Weekly – In the downtrend. Still in consolidation at these lows. Trade pressures are down. Volume is bearish.

Daily –  Flat. In a move down from the 15.38 short entry signal. Next target is 13.88 and the pivot low at 13.94.

Trade pressures are down. Volume is bearish.