COPPER_ has broken down thru the lower boundary of the channel.
the 3.16 target is acting as support, but the momentum is down.

the next target down is 3.042.

a move up thru 3.22 would restart a move up.

GOLD_ in the move down, the next target down is 1248.

need a move up thru 1311 to reverse the trend.

SILVER_ the trade below the 20.63 low stops out the long trade.
18.58 is a long cycle target that is still active.

neutral until a new signal develops.

COPPER_ still in the side ways channel. no trade.

need a move above 3.39 or below 3.19.
keep an eye on the China 25 index (FXI)

GOLD_ gold bugs looking for inflation but the market keeps saying no.

in the move down from 1318 with upper time frame pressures down.
the next target down is 1248.

need a move above 1310 to restart a move up.

SILVER_ in a move up from 22.27. the next target up is 24.81.
the pullback in progress now needs to hold the 20.63 low.

COPPER_  consolidating with an upward pressures.
the daily trade is trapped i the 3.19 to 3.39 channel. momentum indicators are down.

the next target down is 3.16.
short term momentum has turned up.

GOLD_  still in the long term downtrend since late 2012.
made a retracement up to the 1444 target, pulled back to the 1250 target and now in a new move up
from 1310.  the next target up is 1407.

a move down thru 1309 would signal lower.

SILVER_ in the same downtrend as gold.  the weekly is now in consolidation.

the daily trade is up from 22.25. the next target sis 24.68.

a move back below 20.63 activates the 18.58 target.

COPPER_
the weekly remains in the move down, the next target is 2.905.
pressures are down into the longer term monthly upward pressures.

the Daily trade is down from the 3.22 short entry.
the dollar drop had caused a move up to the pivot high, but the down-trade appears to have resumed.
the next target down is 3.11.

a breakout above the 3.38 pivot would signal a new move up.

GOLD_
the weekly is in the retracement down after meeting the 1442 target.
weekly pressures are slightly up.

The daily trade is down from the short entry of 1377. the next target down is 1286.
this 1286 target has been touched earlier so it will be important to see the reaction at this point.
the next target after that is 1195.

a move above the 1434 pivot high will signal higher.

SILVER_
the weekly target of 24.25 had been met and the retracement down is underway.
the weekly pressures are neutral to up.

the Daily trade is down to 21.07, then to 18.58.

a move up thru 23.15 would signal a test of the recent pivot high.

COPPER_ After reaching the upside target, the retracement has begun.

the short entry of 3.277 has started the trade down to 3.11.
upper time frame pressures are up.

GOLD_ the 1424 target has acted as resistance.

a new move down has begun with the trade thru 1377.
the next target down is 1286.
upper time frame pressures are up.

SILVER_ also has reached an upside target and has begun a new move down from 23.60 to 20.81
weekly pressures are up..

COPPER_ weekly pressures are up, Daily pressures turning down.

the 3.37 upside target has produced resistance.
the daily trade down thru the short entry activated the 3.11 target.

GOLD_ weekly pressures are up, daily pressures are over-bot.
daily MACD is approaching a bearish crossover

the next target up 1542.  1377 is the short entry price.

SILVER_ weekly pressures are up. Daily pressures are turning down.
the weekly target is met and is providing resistance. the next target up is 27.40.

Daily price has turned bearish. the short entry price is 23.60.

COPPER_ copper tested the $3 level again and has found support.
Perhaps reacting to the China PMI increase.

While still in the longer term down trend, the Daily trade is up and has reached the 3.36 target.
This target remains below the 3.42 stop on the weekly downtrend.

So, the next move will determine whether the downtrend is broken or will resume.
a move above the 3.42 stop is required to clear the way for further move up.

a move back below 3.24 would signal a further move lower.

GOLD_ tested the 1340 resistance made a pullback and then traded up thru the short cycle 1310 long entry.
the next target area up is 1424-1442.

This move up is still a retracement inside the longer move down. use a 1271 stop.

need a trade above the 1489 pivot to get the long term payers interested.

SILVER_ has a similar retracement up, as gold.

this target is 23.89 and we are there now.
short cycle pressures are overbot. the weekly cycle is just turning up.

so, look fora pull back and then a new move up.

COPPER_
again we test the 3.00 levels with the lower targets of 2.94 and 2.86 in sight.
Weekly pressures remain down but show some positive divergences.

the Daily trade remains down from the 3.23 short entry. the next target down is 2.94.

the longer cycle is still in the trade up, but the 3.04 pivot is the stop level, so the down-trade is in control.

GOLD_
remains in the move down. definitely oversold and showing some upwards pressures beginning.

the daily trade is up from the long entry of 1239 and has met the first target of 1330 and the weekly target of 1341.
the next target up is 1424.

a move below 1290 could signal another test of the lows.

SILVER_
price is consolidating at the the 18.16 target.
the next target down is 17.45 and then 16.60.

Daily trade pressures are up. the long entry is 20.37 with a 23.89 target.

COPPER_

weekly in the move down from 3.24 to the 2.64 target.
the 68% retrace of the 2009-2011 move up is located at 2.80.
time pressures are up from late april

retracement trade pressures are up on the daily trade.
the 3.04 pivot is being tested.
the retracement up needs to get past 3.14.

if not, the next target down is 2.94.

GOLD_

the weekly is testing the 62% retracement of the 2008-2011 move up, supporting at 1218.
the next target down is 1139, then 1005.

the daily trade is bullish. the next target up is 1336.
any failure to break above the 1340 level suggests lower.

then all of the 2010 pivot lows will be tested on the way to 1000.

SILVER_

weekly has reached the 19.55 target and spiked thru to reach the 18.16 target as well.
trade pressures remain down but very extended. the next target down is 16.60

a move above 20.37 could start a retracement up. to 23.89.

COPPER_
the daily move down to 2.94 is almost complete. the 3.04 pivot is acting as support.

trade pressures are over sold.

a move up thru 3.14 should test 3.24.

 

GOLD_
the 1215 target was met, and a break below flushed stops then closed above for the week.
the 1139 target is now active. the next lower target is 1005.

a trade above 1236 would start a retracement up to 1343.
1343 will offer significant resistance.
If price cannot move thru then a new move down is likely. a retest of the recent lows is very likely.

 

SILVER_ the same price action as Gold, a move down to the target,
then a washing out of the stops and a close above the  projected 19.55 target.
17.45 is the next target down.

need a move above 20.37 to start a retracement move up to 23.82.