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.