COPPER_ [Sept ’15 contract]

Weekly – HG resumed the move down and has now reached the 2.32 target. Trade pressures are down. Volume has turned bearish after two weeks of neutral. Next weekly target down is 2.01.

Daily – In the move down from 2.56. The 2.40 target has been reached. The next target down is 2.25. Trade pressures are down. Volume is bearish.

A close above 2.44 is required to reverse this short trade.

GOLD_

Weekly – two weeks of consolidation after the 1142 breakdown three weeks ago. Trade pressures remain down. Volume is bearish. Weekly still targeting the 1046 level.

Daily –  The move is down from 1193. The 1130 target provided no resistance. The next target down is 1066. Trade pressures are down. Volume has turned bearish from bullish.

Need a close above 1108 to signal higher.

SILVER_

Weekly – Trade pressures are down. Volume has turned neutral from bearish. Weekly target now 9.19.

Daily –   Consolidating at the 14.66 target. Trade pressures are down but rising. Volume remains bearish.

Need a trade close above 14.83 to signal higher.