consolidating after meeting the weekly target of 69.35.
Crude has have moved up to the first target of 78.69 on the daily with 83.17 as the next target up.
if the recent 80.31 high is not taken out then the down move should resume.
trade pressures are down, time pressures are turning down thru Aug 17th.
Industrials up and precious metals down.
Copper –
Weekly target is 2.53, but now near the entry price for a long cycle up move, 3.325.
Daily up to the 3.26 target from the 2.952 entry price. next target is 3.48.
3.07 is the entry price for a move down.
trade pressures down, time pressures up til Aug 9th.
Gold –
Weekly –
down from the 1267.97 high to the 1162 target. next weekly target down is 1140 then 1097.
trade pressures extended down and time pressures are down.
Daily –
down move target of 1134 and 1180 remain.
time pressures up and trade pressures up.
New entry price up at 1182.88 with a target of 1219.
the weekly trade is still down to the next target of 932, but working against substantial divergences.
The daily reflects these divergences in the longer move up from 1046 which was stopped by the 1093.50 target. the next target up is 1116
the retracement move down started at 1072 with a 1036 target,
but momentum is positive so any break of the 1094.50 high is the key.
trade pressures are up. time pressures are peaking in the next few days.
In the uptrade from 74.80, next target is 79.60, then 83.56.
next long term target is 81.28.
Us dollar consolidating around the daily target of 82.78. as a corollary, the 30 year treasuries have reached an upside target of 128 31/32.and are now pulling back.
the weekly longer term DX target down is 80.71.
Copper is in the uptrend. next target is 3.25.
Lumber has moved thru its entry price, appears to be making a bottom.
Daily – the 1093 target was reached tuesday and acted as resistance wednesday.
next target up is 1115.
1067 is the entry price for a move down to 1036.
upper time frame pressures and lower time frame targets suggest a pull back to the short entry price and a new move up from there.
Monthly pressures are all down.
Weekly Trade pressure are up, the time pressures remain down thru mid October.
Daily –
Time pressures are turning down, trade pressures are up short term.
1048 was the entry price for this move up, next target up is 1093.
a trade up thru 1079 could indicate a further move up after a pull back.
1043 is the new short entry price.
Weekly –
Time pressures up and trade pressures are down.
Daily –
at the end of a time cycle and oversold on the trade pressures. 83.18 is the likely downside target.
85.92 is the new long entry price to 89.117.
weekly _
time pressures are peaking, trade pressures are turning up.
Have met the 79.73 target , 82.04 next target up.
59.86 is the short entry price.
Daily –
Time pressures are down, trade pressures up.
short entry price of 73.77 met, next down target is 67.66.
long entry price is 74.06 with 78.73 the likely target.