COPPER_
Weekly – trade pressures are down. volume is bearish.
next target down is 2.64.
Daily – trade pressures are hard down. volume is bearish.
broke down thru the lower pivot and accelerated down to near the 2.82 target.
need a close above the Friday open 2.95 to start a move up.
GOLD_
Weekly – trade pressures are down. volume is bearish.
1142 support is likely to be retested.
Daily – trade pressures are still up. volume is bearish.
the 25 x 5 MA stopped the moved up. the failure produced a 30 point down day.
the next target down is 1130.
need a close above 1185 to start a new move up.
SILVER_
Weekly – Trade pressures are down. Volume is bearish.
still looks to be consolidating around the 16.25 target.
Daily – Trade pressures are down. volumes are bearish.
The long entry was never triggered. the pullback is close to the prior lows of 15.12.
still need a close above 16.27 for anew long entry.