COPPER_ testing higher levels off the the consolidation at the 2.39 weekly target lows.
Weekly – Trade pressures are up. Volume is bullish. Price consolidating at the 2.68 upside retracement target.
Daily – Trade pressures are up but extended. Volume is bearish. The short cycle long trade is complete having met the 2.70 upside target.
A retracement down to the 2.52 target is likely.
GOLD_ Dollar up. Gold down.
Weekly – Trade pressures are up but turning down. Volume is bearish. 1107 is the next weekly target down.
Daily – Trade pressures are down. Volume is Bearish. Price has broken down thru the 1182 target and is looking at a test of the recent lows at 1130.
Need a trade above 1206 to restart any new move up.
SILVER_ still tracking gold.
Weekly – Trade pressures neutral. Volume is bearish. the 14.33 target is support.
Daily – Trade pressures are down. Volume is bearish. In a short trade from the 16.68 entry. The next target down is 13.69.
A close above the 16.67 level could signal higher.