Metals

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