COPPER_ still in the long term down move.  Thought to be a barometer of the industrial capex activity. And because the world’s capex follows growth, Copper currently is a measure of the internal growth in China.

Weekly – Trade pressures are down and extended; no significant divergence present. Volume is Neutral.
Trading below the prior weekly target of 2.64. The next weekly target down is 2.32.

Daily – Have completed the trade down to the 2.41 target. Now in the the retracement trade up form the 2.52 long entry. The next target up is 2.69. Finding some resistance here at the down-sloping moving average. Trade pressures are turning up from neutral. Volume is bullish.

GOLD_ reached the down-side target of 1142 in October of 2014.  The trend line across the recent upper pivots has stopped the retracement up.

Weekly – Trade pressures are up, but the Volume has turned bearish.  look to the daily for some deconstruction.

Daily – in the down trade from 1278.  The 1231 first target has been met. The next target down is 1182. Trade pressures are down but extended. Volume is bearish.

Need a trade close above 1255 to restart the move up.

SILVER_ similar price action to gold.

Weekly – in a retracement up. Stalled at the moving average. Need a close above 21.48 to confirm a long term move up. Trade pressures are up. Volume is bullish.

Daily – has been in a upward retracement to the first target of 18.22.  Pulling back and testing the new short entry at 16.64.  Need a close above 17.46 to restart the move up.