COPPER_
Closed at 3.10.

Weekly volume is bearish but trade pressures are showing oversold.
the bearish pressures on the time cycle could be coming to an end in this next week.

The Daily trade is down with a target below of 3.005.
volume pressures are neutral and trade pressures remain down.

need a move above 3.17 to trigger a long entry.

GOLD_
Lower as projected.
Weekly volume pressures are bearish. Trade pressures are down but getting over sold.
weekly target down remains 1142.

Daily Trade is a the 1234 target. Volume pressures are bearish. trade pressures are down.
the next target lower is 1195.

need a move above 1247 to trigger a long entry.

SILVER_
At the 18.50 target after breaking the May’14 lows.
Weekly volume pressures are bearish. trade pressures are down but over sold.
the next weekly target down is 16.25.

the Daily trade is at target. Volume and trade pressures remain down.
The next target down is 17.91.

need a move above 19.08 to trigger a long entry.

COPPER_
The FXI China 25 has been rallying, but no corresponding move in copper.
weekly trade pressures are up and volume pressures are down.

Daily trade pressures are down. volume pressures are down also.
the move up from Mar ’14 was completed at the 3.28 target in June.
Now in the retracement move down from 3.20 with a 3.00 target.

need a move up thru 3.21 to restart a new up-move.

GOLD_
No response to the geopolitical unrest around the world. All the metals have a similar sideways-to-down pattern.
the Weekly trade pressures are down; the vol pressures remain down.
the weekly 1142 target down remains in place.

Daily trade pressures are down and volume pressures are down.
the next target down is 1153.

need a trade above the 1346 pivot to move this metal.

SILVER_
Oscillating between the 18.35 low and the 21.03 long entry.
Weekly Trade pressures are down and vol is down and very light.
the next target down is 16.26.

the daily trade is down with all pressures down. the next down target is 18.45.

need a move above 19.73 to start some thing long.

COPPER_
weekly experiencing a pull back from the down-sloping trend line.
trade pressures are up. volume pressures are down.

Daily trade is up from 3.16. next target is 3.25.
trade pressures are up with buying volume.

Often thought to be a “China” trade, it is interesting that corn futures are also rising after a long move down.

GOLD_
remains in the two cycles, the long cycle which projects down to 1142 and the short cycle which is long from 1287.

the weekly pressures and volume remain bearish.
The Daily pressures and volume are down.

the Ukrainian rebels are removing Russian leaders and replacing them with pro Russian Ukrainians.  Leaving them to face the retribution?

SILVER_
weekly trade pressures are up. Volume is very low but bearish.

Daily trade pressures are down.  volume is bearish.
the next target down is 18.44.

need a move up thru 19.90 to create a new long entry.

COPPER_
Weekly Trade Pressures are up. the volume pressures have been down these last four days suggesting distribution.
Weekly must break above the resisting trendline.

Daily Trade pressures have just turned up.  need a break above 3.22 then next target up is 3.35.

a move down thru this 3.3.15 level put the 2.97 target in play.

GOLD_
Is in a longer term downtrend to 1142; but in the retracement trade up to test the 1434 pivot.
Weekly trade pressures are down but last weeks volume is in accumulation.

the Daily trade is down from 1311. Volume is down and trade pressures are up.
the next target is down is 1253.

if up volume begins the trade would retrace to 1347 to test the prior pivot.

use that pivot as a short stop.

SILVER_
Weekly sideways channel continues. the selling pressures are over sold.

The Daily retracement short trade has reached the 19.75 downside target.
Daily pressures are down and volume pressures are also down.
intraday is showing upward pressures.

a trade thru 20.47 could start a new new move up. multiple targets at 21.50-21.60 levels.

COPPER_
Weekly trade pressures and volume pressures are up. the weekly is up against the 2013-2014 resistance line.

the Daily is up against the 3,26 target from the March lows. the daily pressures are up.
the next target up is 3.35 from the long entry of 3.23.

stops at 3.17

GOLD_
Weekly gold is still long from the 1242 entry price, with a target of 1434.
But has been range bound and selling volume is coming in now.

the Daily is in a sell from the short entry of 1314. the next target down is 1253.
stops at the 1346 pivot high.

SILVER_
Weekly pressures crossing over to up.
the daily is at the 21.59 target and the 20.91 price has triggered a sell.
selling volume is coming in which could take silver to the 19.75 downside target.

stops at the 21.62 pivot.

COPPER_
weekly trade pressures have turned up and the weekly volume pressures have turned neutral from down.
the weekly down side target of 2.89 was met in late March and has provided support since.

a week of daily up volume has taken the daily trade up to the 3.18 prior high from the long cycle short entry of 3.06.

The internal retracement produced the short cycle long entry of 3.08 and is about to test the 3.18 pivot which, if broken, would invalidate the short.

GOLD_
While still in the long term down-trade to 1142, weekly trade pressures are turning up accompanied by a week of up volume.

the Daily trade is up from the long entry price of 1287.  trade pressures and volume pressures are up.
this trade is still inside the long term down-trade, so it is a retracement up inside the longer downtrend and should stop at 1366.

a trade below 1290 could signal lower again.

SILVER_
weekly has not followed gold and remains in the downtrend.  Trade pressures are bearish, but volume is showing some green.
the downside target of 18.70 has held for months.

the daily long entry for the long cycle has been triggered at 20.28. the next target up is 22.91.
There is a short cycle daily retracement trade underway from 19.60 which should stop at 21.59.

long stops at 18.41.

COPPER_
the weekly is still in bearish territory and is showing net down volume.
the daily has been in a move up, perhaps in tandem with the China FXI.
China exports are up, but imports are down. So, global economy improving but Chinese domestic, not.

the daily move met resistance at a upper median line. the move down thru 3.06 should start a new move down to test the 3.00 level.
daily volume has been down for four days.

GOLD_
weekly remains in bullish territory but with downward trade pressures and volume pressures.
the next target up is 1434.

the daily trade has been down from 1330 and is now testing the first target of 1234. Both trade and volume pressures are down,
did have one day of up volume which would be short covering. the nxt target down is 1137.

would need a move above 1287 to restart the long trade.

SILVER_
five weeks of negative volume and negative trade pressures. But the old low of 18.94 seems to hold.
the next target down is 16.25.

the daily trade still down, 18.69 is the next target down.
the trade pressures are down. the volume pressures are down.
However intraday are neutral to up.

need a move above 19.28 to start a short covering rally. 20.56 remains the long entry on the longer cycle.

 

COPPER_
has moved up off the 2.87 lows. weekly pressures are turning up, but still bearish.
the daily pressures are up.

the Daily Trade is at the 3.17 upside target and consolidating.
the next target up is 3.35.

a move below 3.08 would signal lower.

GOLD_
weekly pressures are down but still bullish.
daily pressures are down.

the daily trade is sideways with the next target down at 1234.

a move above 1326 starts a move up.

SILVER_
in the longer term move down with the next target down of 16.25.

a move above 20.62 would restart a move up.

COPPER_
weekly is entering overbot. The daily pressures are down, but could break to the upside.
The daily trade has been consolidating around the 3.05 upside target.  the next target up is 3.13.
the recent move down did touch the 3.01 short entry but did not close below.

GOLD_
Remains in the 1277-1328 channel. weekly pressures are down, daily pressures are up.

the next target down is 1254   1234.  the long entry is 1328.

SILVER_
Bouncing along the 18.90 bottom. had a spike down on May 1st to wash out the weak hands.
a close above 20 would change the bias to up. the long entry remains 20.62.

a failure to hold the lows sets up the 16.25 target.

COPPER_
continuing the move up on two cycles after breaking out above the 3.07 pivot,
the next target up is 3.15-3.17.

weekly pressures are bottoming so, this move could have some impetus to reach the 3.29 target.

a move down thru the 3.04 level sets up a test of the 2.91 lows.

GOLD_
weekly pressures remain down.  daily pressures are up.
the daily trade is still down and has tested the 1277 level creating a double bottom in the short term
if that 1277 level fails then the next target down is 1234.

need a move 1325 to trigger a long entry to a 1405 target.

SILVER_
weekly pressures are down. daily pressures are turning up.

this is the third or fourth test of the 18.94 low. a failure sets up the 16.25 target.

need a move up thru the old long entry price of 20.54 to trigger the long entry. that target up would be 23.19