COPPER_ still in the consolidation around the 3.04 target.
the new long entry at 3.02 has bee triggered, but the 3.07 pivot needs to be taken out before the long risk is low enough.

GOLD_  the long entry remains 1326 which was touched but not triggered last week.
so, still in the move down to the 1234 target, but with buy stops at the 1326 level.  Probably best to stand aside til the long entry is triggered.

SILVER_ is in a side ways movement. expect it to follow gold.

 

Geopolitical and financial events can be the catalyst to any new move.
Russia makes a mistake, or the ECB lowers euro interest rates or begins a QE effort to lower the Euro currency?

COPPER_ reached the 2.92 downside target then retraced from there to the daily upside target of 3.04.
still in the overall downtrend, this 3.04 target is acting as resistance.

need a move above 3.05 to resume the uptrend to the 3.12 target.

a move below 2.99 restarts the move down to 2.88

GOLD_ a longer term double bottom is in place at the 1180-1190 support;
appears to be in a trading range between there and the 1400 area.

In a move down from 1328 to the 1234 target.  need a move up thru 1326 to start the move up to 1405.

SILVER_ bottomed at the 18.31 down target. long from the 21.03 entry, traded up to the 25.37 target.
in the retracement down to a retest of the lows and has started a new move up from the same long entry of 21.03.
the next target up is 25.38.

stops at the 18.94 lows.

COPPER_ the weekly pulled back from the first upside target at 3.37.

the daily has triggered a new move up at 3.24.  pressures are up and the next target up is 3.34.

stops at the 3.12 low.

GOLD_ weekly in the retracement up after reaching the downside target of 1191. the 1434 pivot is the next resistance.

the daily trade is long from the 1241 entry , the next target is 1334-1336.

the 1237 level is the stop.

SILVER_ the weekly is long on the close above the 21.03.

the daily is long on the close above the 20.52 entry price.

18,90 is the stop price.

COPPER_ weekly in the 3.12 -3.43 channel.
Daily still in bearish territory, but could crossover with a move thru the long entry price of 3.24.

the first target up will 3.34. (each futures contract is for 25,000 lbs, so each penny represents a $250 move)
stops at the 3.17 low.

GOLD_ not much change.

the weekly making the double bottom. pressures are still down.
the Daily trade is still long from the 1241 entry, but the upper time-frame pressures are not letting the move gain any momentum.

a trade below the 1181 low is the stop.

SILVER_ unchanged, No trade.  the pivot point between bearish and bullish is the Daily long entry price of 20.52.

COPPER_ the China PMI decline has stopped copper. the May and Aug 2013 highs were tested and provided resistance.
the move down from the 3.36 short entry is almost complete.
the next target down is 3.15 with a possibility of the 2.98 target rising.

need a trade above 3.24 to start a new move up.

GOLD_ still in the long trade from 1241. the next target is 1336.
pressures have turned down and price is struggling.

a move down thru the 1881 stop would start a new short.

SILVER_ never triggered the long entry and now is testing the lower channel bounded by 18.90.
the next target down is 18.62.

the long entry remains 20.52

COPPER_ in the same monthly 3.08-3.85 channel since late 2011. coming off the lower range now.

Weekly in the move up from 3.23. next target is 3.60. stops at 2.99. pressures neutral.

Daily trade – at the 3.35 target from the long entry of 3.21. pressures have turned down.
3.23 is the first downward retracement target and should stop there, else 3.15. China economy has disproportionate influence

GOLD_ monthly tracing out a double bottom. a further breakdown sets up a lower 945 target.

weekly pressures are turning up. need to take out the 1434 pivot to prove up the long term bull.

Daily trade is long from the 1241 entry price. the next target is 1336. stop at 1181 low.

SILVER_ monthly still bearish, weekly is basing and pressures are up.

Daily trade working off the 18.90 lows. need a move up thru 20.52 to go long. the first target would be 23.15.

COPPER_ weekly in the move up from 3.22 to 3.48.
at the first target and consolidating here.

the Daily is in a pull-back but seems to have found support at the 25 moving average.
a new move up would begin with a close above 3.35. the next target would be 3.45.

GOLD_ weekly pressures are up trade is long. next target is 1336.
the daily has turned long with the close above 1241. the next target is 1336.

a trade below 1226 would signal a reversal.

SILVER_ in consolidation testing the 18.35 lows.

the daily channel upper bound is the long entry price. a move thru 20.58 should star a new move up.
the next target up is 23.15.

a trade below 18.90 is the stop.

COPPER_ weekly is bullish, the next target up is 3.46.
the daily has closed bearish with a downside target of 3.29.

pressures remain up so this correction should be an opportunity to enter long at lower prices.

GOLD_ weekly is testing the prior lows. the multiple targets below in the 1126-1142 area
remain in place.

Daily attempting a new move up.  need a trade above 1241 to start a move up.
look for a short pullback, then a second time thru. the upside target is 1338.

keep an eye on the dollar.

SILVER_ weekly is testing the lows, the next target down is 16.25.
the daily is reaching for a long entry at 20.52, but pressures are extended on the upside, so a a pullback is likely first.

COPPER_ attempting a weekly breakout to the upside. at the interim target of 3.34.
Daily pressures are up. the long entry was 3.23. the next target is 3.37.

a failure to break above the down sloping trend-line will signal weakness.
a move down thru 3.25 will signal lower.

GOLD_ remains in this leg down from the short entry of 1376. the next target down is 1191.
there are multiple targets in the 1126-1142 range.  This looks to be an area of significant support.

the Daily trade is consolidating around this 1206 low. still pressing down.

would need a trade above 1269 to start a move up.

SILVER_ weekly pressures remain down but a retest of the 18.35 support is in progress.
a failure to hold sets up the next target down of 16.25.

The daily trade is setting up for a move thru the 20.52 long entry price.