COPPER_  The industrial metal is showing some strength. (Now in the May contract. All targets are adjusted.)

Weekly – While still in the downtrend, the trade pressures have come off the bottoms and show some signs of turning. Volume has turned  bullish from last weeks bearish.  The close above 2.60 is the setup for a weekly confirmation of the move up.

Daily – As expected, price consolidated between two cycle targets, the long cycle extended target of 2.48 and the December cycle target of 2.36. Now in the long entry from 2.50 and at the first target of 2.67. The next target up is 2.84. Trade pressures are up. Volume is bullish.

The trade fails with a close below the MA, currently 2.55.

GOLD_  Inflation never came.

Weekly – the long basing pattern above the 1142 target continues. Trade pressures are up. volume has been bearsh for the last three weeks. need to break above the trend line at 1300.

Daily – giving back almost all of the January rally. Still in the move down to the 1162 target. Trade pressures turned up in the latter part of the week. Volume turned bullish from bearish.

Need a close above 1232 to signal the long entry.

SILVER_ same behavior as gold with a little less energy.

Weekly – Trade pressures at neutral. Volume is bearish. Need a close above 21.46 to confirm any move up.

Daily – In the move down to 13.69. Trade pressures are up. volume has turned neutral from bullish – conflicting signals here.

A close above 17.14 would signal higher.