COPPER_

Weekly – The first quarter trade had a run up to the first target and a confluence of the 61% retracement of the 2014 move down. Then in early May, the Chinese economy sent slowing signals and copper began a move down. Trade pressures are down. Volume is bearish for these last three weeks.

Daily – The trade is down and now at the 2.66 target. Trade pressures are down but turning up. Volume has turned neutral from bearish. The next target down is 2.56.

a close above 2.78 will signal higher.

GOLD_

Weekly – The downtrend is steady and unabated. Trade pressures are down but fully extended. Volume is bearish.

Daily – The May rally was stopped at the 1234 100 target of the March cycle. The retracement downside move from 1218 started and has met the 100% target of 1175. The next target down is 1140. Trade pressures are down but rising quickly. Volume has been neutral for two weeks.

A close above 1184 will signal higher.

SILVER –

Weekly – Stuck in a sideways move and still in the downtrend with a weekly target of 10.70 still active. Trade pressures are down. volume is bearish.

Daily – Back in the downtrend. Volume is bearish. Trade pressures are down hard. The down move has met the 15.81 target. The next target down is 14.59.

A close above 16.35 would signal higher.