Metals

COPPER_

Weekly – The 2.90-3.00 resistance is holding. Trade pressures are up. Volume is bullish.

Daily – The 2.94 prior high pivot and the 2.91 target has stopped the move up. The trade is stopped out at 2.81 which is also the 25×5 moving average.  Trade pressures are down. Volume is bearish down from last weeks neutral.

A close below 2.73 would signal lower. Could restart the move up with a close above.2.86.

GOLD_

Weekly – Still in the downtrend. Trade pressures are still down. But volume closed bullish. next target down remains 1045.

Daily – The trade is still long from the 1184 long entry and a confirming long signal at 1190. That long signal is the stop price. The next target up is 1253. Trade pressures are up but decling. Volume has changed from neutral to bearish.

SILVER_

Weekly – Trade pressures are starting to show signs of moving into positive territory. Volume is bullish. Still in the downtrend with targets at 10.70/

Daily – In the uptrend. Trade pressures are up, declining slightly. Volume is neutral. Trade is long from 16.33 and has moved thru the 17.03 target. the next target up is 17.89.

Stops at the 16.33 entry.