COPPER_

Weekly – Trade pressures are down. Volume is neutral. The 2.40 level has broken down. Weekly downside targets are now in the 2.00-2.20 area.

Daily – the bounce off the 2.40 prior lows two weeks ago generated a short covering rally which turned back down this last week. That rally moved up to test the 2.56 prior pivot low, now resistance. 2.56 became a short entry.

SOM missed that trade.

The next target down was at 2.40 also the January 2015 lows which was met last week. The next target down is 2.25. Trade pressures are down. Volume is bearish.

Need a trade close above 2.48 to stop and reverse this down move.

GOLD_

Weekly – Trade pressures are down. Volume is bearish. The 1046 target is still active.

Daily – The move down the prior week accelerated this last week. Consolidating around a short term target of 1093. The next target down is 1066. Trade pressures are down. Volume has changed to bearish from neutral.

SILVER_

Weekly – Trade pressures are down. Volume remains bearish. Price is attempting to test the 14.18 low pivot. 11.20 is the next weekly target down.

Daily – Trade pressures are down. Volume is bearish. The 14.66 target is now resistance. The next target down is 13.91.

Need a close above 14.90 to trigger a new long entry.