Metals

COPPER_  the metal of infrastructure and building. In a 4 year decline.

weekly – the 2.82 support has given way, next weekly target down is 2.60.
trade pressures are down. volume is bearish.

Daily – the same 2.82 target is on the daily and is now acting as resistance. However the daily has a 2.50 target.
the trade pressures are down. volume is bearish.

GOLD_ Two major legs down since the 2011 highs.  The final target of the second leg is acting as support at 1142.

Weekly – at the 1142 support. trade pressures are up. volume is bullish.

Daily – after the spike down to the 1129 low, gold has been consolidating with some small trades testing for a long entry.
Trade pressures are up. volume is bullish.
The trade is long from the 193 entry price. the next target up is 1235.

SILVER_ always a low volume futures contract, should be careful it is volatile.

Weekly – still consolidating around the 16.25 downside target.
Trade pressures are up. volume is bullish. The weekly long entry is 21.48.

Daily – after the spike low to 14.00 the pressures ahve turned up.
trade pressures are up. volume is bullish.
long from 15.61 with a target of 18.22.