COPPER_

Weekly – Still in the long term move up from the 2.63 weekly entry. Trade pressures are down but fully extended. Volume remains bearish. A break below the 2.39 low would stop this trade.

Daily – The daily is pulling back inside that weekly trade. The short entry was 2.70 to the first target of 2.59, now the next target area down is 2.49-2.52. Trade pressures have moved up to neutral, so move any stops down to the entry price of 2.70. Volume is bullish.

[Update 7/7: the china market collapse sends copper down thru the 2.49 target. The next target down is 2.32. Move stops to the 2.59 target.]

A new move up would be signaled by a close above 2.68. [7/7 – Now need a close above 2.52.]

GOLD_

Weekly – Mixed signals. Trade pressures are up. Volume is bearish. Downside target remains 1046.

Daily – The pullback below 1184 did occur, but no new close above that long entry price has kept the trade flat. The June lows have been tested, but no close below which would activate the 1130 downside target. Trade pressures are down to neutral. Volume just turned bullish from bearish.

SILVER_

Weekly – In the long term downtrend, Downside target remains 10.70. Trade pressures are down. Volume remains bearish.

Daily – In the short trade for the 17.36 target went quickly to the 15.88 target, now in consolidation. The next target down is 14.66. Trade pressures are down. Volume is bearish to neutral.

Need a close above 15.90 to start a new move up. Use that as a stop also.