Metals

COPPER_ Consolidating.

Weekly – Trade pressures are up. Volume is bullish. Has crossed over the 25×5. Weekly target is 3.00.

Daily – Consolidating at the confluence of the  December 2014 high and the daily 2.91 target. The next target is 2.91 and then 3.17. Trade pressures are up and volume continues to be bullish.

Stops at the 25×5, 2.75.

GOLD_

Weekly – Bias remains down. Trade pressures are down. Volume is bearish. Next weekly target down remains 1045.

Daily – In congestion. Trade pressures are neutral. Volume is bearish to neutral. Two trades are indicated, long from 1184 to the next target of 1252 and, on a shorter cycle, in a retracement trade down from the same 1184 to 1143.  No momentum , so trade is flat.

SILVER_

Weekly – Trade pressures are flat. Volume is bearish.

Daily – much the same as Gold, with two trades on different cycles indicated. Trade pressures are neutral to bullish. Volume has changed to bullish from neutral.

But no momentum, no trade.