weekly time pressures turn down into the last week of July. trade pressures are down.
next target down is 1235.
daily trade pressures have turned up. the downward time pressures turn up on June 27th.
a trade up thru 1292 [or a take out of last weeks high] starts a new move up.
the intrady move up started this Wednesday morning at 1270 with a 1285 target.
the dollar has declined the last two days and the metals have also declined.
an anomaly?
in the move up from 74.87. next target up is 77.15
downward time pressures start in two days. trade pressures are up.
Crude – long term downward pressures end Sep 2nd. trade pressures are truning up.
the next target up is 117. with a final target of 156.
Daily cycle is in the move down to 94.50.
time pressures are up and trade pressures are down.
a trade back thru 101.16 could restart the move up.
COPPER_ Long term remains in the downtrend with the next target 3.70.
Its trade pressures are up, but entering the down cycle in late July.
the Daily trade is still trapped between 3.85 and 4.21.
time pressures are down and trade pressures are about to turn up.
the next target up is 4.57 and the next target down is 3.89.
GOLD_ Long term down cycle ends July 15th. Price has held up well, consolidating after meeting the 1584 target.
currently in a correction down of the up move from 1462.
down cycle ends June 22nd and trade pressures are down but extended.
next target up is 1581. short term target down in this correction is 1499.
SILVER_ July 8th is the end of the downward time pressures.
Long term trade pressures are oversold and turning up.
Daily trade is up from the long entry of 36.34.
time pressures are down and trade pressures are down.
a test of the May lows and 30.14 is near by, but needs to happen soon.
a review of the existing cycles show
a monthly cycle down into November 30th, 2011.
the weekly cycle is up til July 11th then turns down thru November 4th, 2011
the daily cycle is down til the end of June and then up to July 22nd.
the futures are in the trade down to the final target at 1276.
trade pressures are becoming over sold and a time pressures turn up on June 27
a move up thru 1310 will signal a long entry to 1341.
USDX_ in the move down to 72.13, but should have some support at 73.47.
a move up would start with a trade thru 75.03.
time pressures are up.
trade pressures are over sold and turning up.
same chart action as silver.
trapped between the 94.63 low and the recent 104.60 high pivot.
the next target up is 107.70 and the next target down is 92.12.
time pressures are up.
trade pressures are down and over sold, and could be ready to turn up.
COPPER_ has met the downside target and is moving up thru the entry price for the correction up.
the next target up is 4.37
both time and trade pressures are up.
a trade below the jun 2nd low could restart the move down.
GOLD_ in the third leg up from 1510. the move is still a correction in the new down move until the 1576 high is taken out.
the next target up is 1581.
time pressures are down and trade pressures are up.
a trade down thru 1532 would be the alert for a trade down to retest the 1462 low.
SILVER_ silver seems to have a little more emotional content. the long term is over sold and indicating a new move up.
Daily in the corrective trade up to 41.61.
time and trade pressures are down but ready to turn up.
a trade down thru 34.45 restarts the move down.
while the long cycle remains in the trade up to 1415,
the weekly trade pressures are down and the time pressures will turn down the 4th of July.
the daily cycle has been in the trade down from 1349 and is at the 1313 target today.
trade pressures are down and time pressures are down.
the next target down is 1300.75.
short term – could have a bounce back to 1330, if a trade up thru 1318 signals.
up 1.16% Monday am above 76.
the UUP trade is working nicely.
next target up is 76.78 then 79.18 .
need a move below 75.031 to start a move down.
all time and trade pressures are up thru mid June.