as the dollar declines both industrial and precious metals rise in dollar terms.
Copper –
copper tested the old high three times and finally broke thru yesterday. this voids the previous down move signal.
this new upmove from 3.54 has a first target of 3.69.
a move below yesterday’s low of 3.47 will signal a new move down to 3.35.
GOLD- everyones loves gold. all pressures are very extended on the upside.
the break above 1268 signaled higher. the next target up is 1305.
a move below 1271 is required to generate a sell signal.