COPPER_  Each contract represents 25,000 lbs, so a move of a penny is worth $250. A sharp drop down thru the weekly 2.64 target with a spike down to the daily 2.41 target, then rallied to close at the 2.64. China reports GDP on Jan 20th.  Copper is often viewed as an economic barometer.

Weekly – Trade pressures still down but the net volume now shows bullish after that rally of the lows.
the next target down is 2.32.

Daily – the 2.41 target was almost touched with the 2.42 low. So a 20 point spike down and a 20 point rally equals 40 points (pennies) in one day.
Trade pressures are now up. Volume is neutral for the day.
the trade is long from 2.52 with a 2.70 target.

GOLD_ It is a 100 oz. contract and the mini is a 33.2 troy oz contract. Viewed by some as a safe haven currency, others as a shiny rock.  Gold responds to currency dislocations, such as the Swiss Franc this week.

Weekly – The trade pressures are up. Volume is bullish for these last two weeks.
The long cycle won’t trigger a long entry until a close above 1426.

Daily – Long from the 1193 entry, traded to the first target last week and these last two days have taken gold to the 1276 target.
the next target up is 1344.

SILVER_  comes in a 5000 oz and a 1000 oz contract. Tracks gold, but more volatile.

Weekly – Trade pressures are up. volume is bullish.
the next long entry is 21.47.  the target down is still 10.70.

Daily – long from the 15.61 entry. the next target up is 18.22.
Trade pressures are up. volume is bullish.