Metals

COPPER_

Weekly – The weekly confirmed an uptrend in late February, but has not been able to follow thru.
Trade pressures are up now and the volume has been bullish for three weeks.

Daily – the daily trade long occurred in early Feb and reached the target in late March. This last month has been characterized by a consolidation between the old 2.67 and 2.87 targets.
Trade pressures are down and volume is bearish, So, the bias remains down. A close below 2.63 would signal lower.

GOLD_  Not behaving well. One would expect the currency confusions to put a bid under gold.

Weekly – Trade pressures are down. Volume has changed from bullish to bearish this last week. The weekly remains in the secondary down move started in late 2013. The next weekly target is 1045.

Daily – Gold was in the long trade from 1184 , rallied to a short cycle target of 1230 and then began a two week consolidation.
Friday’s close has triggered a short from 1187 which produces an 1123 target.

Stops at 1226.

SILVER_

Weekly – Still in the trade down 21.50 to 10.70 Trade pressures are down. Volume has turned bearish.

Daily – The long cycle is short from 16.64 with a 13.89 target. the March retracement trade rallied to 17.52 but never stopped that shrt trade. A shorter cycle short trade has been triggered on 4/9 at 16.33 with a 15.29 target. That target was met on Friday. the next target down is 14.29.

Stops at 16.85.