COPPER_
Weekly – the 2.94 target is acting as resistance.
trade pressures are down. volume is neutral.

Daily – sitting on the 2.82 target as a support level.
trade pressures are down. volume is bearish.

need a close above 2.93 to get copper moving.

GOLD_
Has turned down from the 1237 upside target.
weekly- the 1142 downside target is acting as support.
trade pressures are up. volume is neutral.

Daily – in the short trade down to 1160.
pressures are down. volume is neutral.

SILVER_
In the short trade from 21.76 to 10.71.

Weekly – trade pressures are up. volume is bullish.
need a close above 21.487.

Daily – sitting on the 15.66 target as as support.
trade pressures are down and volume is neutral.

COPPER_
The expected break occurred to the downside and is now consolidating.

Weekly – trade pressures are down. volume is neutral.
Price is below the 2.94 target. the next target down is 2.64.

Daily – trade pressures are up. volume is bullish.
After the spike down thru the 2.82 target, now long from the 2.88 entry price.
the next target up is 3.05.

2.77 stops the trade.

GOLD_
Weekly – trade pressures are up. volume is bullish.
the 1142 target seems to have held.  need a close above 1426 to resume the 2009-2011 long cycle uptrade

Daily – trade pressures have turned down. volume remains bullish.
the 1237 target was reached and acted as resistance. the next target up is 1304.

a close below 1209 would signal lower.

SILVER_
Weekly – trade pressures are turning up. volume is bullish.
Consolidating around the 16.25 target. the next target down is 10.70.

Daily – Trade pressures are up. volume is bullish.
in the long trade from 15.61, the next target up is 18.22.

stops at the entry price.

COPPER_
Weekly – Trade pressures are down. volume is neutral.
the breakdown moves HG towards the 264 target.

Daily – trading pressures are up. volume is bearish.
at a retracement long entry for a 3.05 target.

GOLD_
Weekly – Trade pressures are up. volume is bullish.
last weeks retest of the 1142 area may offer support to the longs.

Daily – Trade pressures are up. volume is bullish.
at the short cycle target. next cycle target is 1237.

a trade below 1189 stops the move up.

SILVER_
Weekly – trade pressures are turning up. volume is bullish.
16.68 is a new long entry.

Daily – Trade pressures are up. volume is neutral.
15.61 is a the long entry with a 18.22 target.

a close below 15.04 stops the long trade.

COPPER_
Weekly – trade pressures are down. volume is bearish.
next target down is 2.64.

Daily – trade pressures are hard down. volume is bearish.
broke down thru the lower pivot and accelerated down to near the 2.82 target.

need a close above the Friday open 2.95 to start a move up.

GOLD_
Weekly – trade pressures are down. volume is bearish.
1142 support is likely to be retested.

Daily – trade pressures are still up. volume is bearish.
the 25 x 5 MA stopped the moved up. the failure produced a 30 point down day.
the next target down is 1130.

need a close above 1185 to start a new move up.

SILVER_
Weekly – Trade pressures are down. Volume is bearish.
still looks to be consolidating around the 16.25 target.

Daily – Trade pressures are down. volumes are bearish.
The long entry was never triggered. the pullback is close to the prior lows of 15.12.

still need a close above 16.27 for anew long entry.

 

 

COPPER_
the FXI, the China ETF, is long from 39.41 with a 43.22 target. As the marginal buyer of copper, this ETF can be used as an indicator.

Weekly – pressures are still down, but extended. Volume has been bullish for two weeks.
need a close above 3.13 to change the momentum.

Daily – still in the long trade from 3.05 on 10/28. have experienced a pull back to a lower median line.
Trade pressures remain down but volume is now bullish. a second break out above the long entry should start a new move up.

stops remain at 2.95

GOLD_
Weekly – the 1142 is producing support and the expected consolidation.
trade pressures are down but volume is bullish.

Daily – the trade pressures are up. Volume is bullish.
in the long trade from 1155 with resistance at the 1200 level.

stops at 1129.

SILVER_
Weekly –  trade pressures are dwn. Volume is bullish.

Daily – trade pressures are up. Volume is bullish.
the long entry is 16.56

stops at 15.05

COPPER_  Copper is reaching a breakout point, up or down.

Weekly- trade pressures are over sold. the volume is bullish.
the 2.96 support has been tested multiple times.
the next target down is 2.67.

Daily – Consolidating at the 3.00 target for four weeks, with a low of 2.95.
the long entry of 3.06 has been triggered, but has generated a pull back below the trigger price.; which usually signifies short covering.
the next trade thru should signal a new move up to 3.22.

Daily trade pressures are down and volume is showing some accumulation.

stops at the 2.95 low.

GOLD_ the daily trade up was short covering and failed to continue higher. then failed and took price down to the long noted 1142 downside target.

Weekly – trade pressures are down, but volume is bullish.
expect consolidation at this 1142 level. the next target down is 1045.

Daily –  has taken out the high of the wide down bar of Wednesday, “Dragio Day”.
the trade pressures are down but extended. Volume is bullish.

a trade above 1179 should start a new retracement move up to 1207.
but need a trade close above 1212 to breakout of the downward channel.

stops below 1136.

SILVER_ Has taken out multiple downside targets after failing to hold the 16.25 level.

Weekly – trade pressures are over sold and volume is bullish.
the next target down is 10.70. new long entry is 17.73.

Daily – at the 15.56 downside target . trade pressures are down but over extended. volume is bullish.
so perhaps short covering. next target down is 11.76.

need a trade close above 16.56 to signal a long entry.

 

COPPER_ remains in long term downtrend.
Weekly – the two targets at 2.96 and 2.92 have provided support for the last year.
Trade pressures are oversold and volume pressure is bearish.
the next target down is 2.62.

Daily – consolidating at the 3.00 downside target.
the next target down is 2.80.
trade pressures are up. volume is bullish.

a close above 3.09 starts a new move up.

GOLD_
Weekly – has been is this basing process for more than a year.
a close above 1238 provides a weekly long entry.
trade pressures are up. volume is bearish.

Daily – in the long entry from 1205. have reached the first 1245 target and now pulling back to the 25×5 MA.
Trade pressures are down and volume is bearish.
a second time thru at 1244 should restart the move up.

SILVER_
Weekly – has moved to test the 16.25 target.
trade presures are over sold, vol is bearish.

Daily – in the long trade from 17.33. the next target up is 18.43.
trade pressures are down. vol is bearish.
need a close above the 25×5 MA to confirm a move up.

COPPER_
Weekly – trade pressures down, but over sold. Volume bearish.

Daily – Trade pressures up. volume bullish. Probable consolidation here.
Still in the short trade, next target down is 2.90.

need a close above 3.09 for the long entry. Watch the FXI.

GOLD_
Weekly – trade pressures down but oversold. volume is bullish.
next target down still 1142. weekly long entry is 1238.

Daily – trade pressures are up. volume is bullish to neutral.
in the long trade from 1205. next target is 1246.
1180 is the stop.

SILVER_
Weekly – Trade pressures down. volume remains bearish.
consolidating on the 16.25 target area.

Daily – Trade pressures are up. volume is bullish.
Retracement Long from the 17.33 entry price. next target is 18.43.
stop is 16.65.

COPPER_
Weekly – oversold with bearish volume.

Daily – at the 3.00 target. next target down is 2.80.
volume is bearish and the trade pressures remain down.

need a close above 3.10 for a new long entry.

GOLD_
Weekly – trade pressures remain down and volume is bearish.
1142 remains the weekly target down.

Daily – Trade pressures have turned up. Volume remains bearish.
the next target down is 1195, with 1181 support at the recent lows.

a close above 1229 is required for a new long entry.

SILVER_
Weekly – trade pressures are down and volume remains bearish.
16.25 is the next target down.

Daily – Trade pressures are down and volume is bearish.
The net target down is 16.12.

need a close above 17.55 for a new long entry.

 

COPPER_
Weekly- pressures are down, vol is bearish.

Daily- in the trade down to 3.00. Testing the 3.03 low.
the next target down is 2.61.  China economy is the key.
trade pressures are down and volume is down from neutral.

the next long entry is 3.14.

GOLD_
Weekly – remains on track for the 1142 target down.
trade pressures are down and vol is bearish.

Daily- dropping thru the 1234 support. trade and volume pressures are down.
the 1195 target is next.

need a close above 1232 to restart the long position.

SLIVER_
Weekly- breaks the 18.61 support. the 16.25 target is the next down.
trade pressures are oversold. volume is bearish, but very low.

Daily- traded down to and thru the 17.91 target. should see consolidation here.
trade pressures are over sold. volume is bearish.

need a trade above 19 to get the bulls interested.