COPPER_

Weekly – The long cycle is at the 2.32 target. Expect consolidation here. Trade pressures remain down. Volume is bearish.

Daily – Trade is still short from the 2.56 short entry. The next target down is 2.25. Trade pressures are down but showing some divergence. Volume is bearish.

Stops at 2.40. A close above 2.44 is required to reverse this short trade.

GOLD_

Weekly – Remains in the down trend. The next target down is 1046. Trade pressures are down. Weekly volume is bearish.

Daily – Friday had a bullish volume close. Trade pressures remain down. The short trade from the May 26th close below 1193 is still active. The next target down is 1066.

Move stops to 1130.  Need a close above 1108 to signal higher.

SILVER_

Weekly – Trade pressures are down. Volume has been neutral for two weeks indicating some short covering at the prior Oct ’14 lows.

Daily – Has been consolidating at the 14.66 downside target. Volume has changed from bearish to bullish at Friday’s close. Trade pressures are neutral and rising.

A retracement long entry is 14.83 with a 15.65 target. The 25×5 moving average is around 15 and would act as resistance.

Stops will be at the 14.32 low pivot.