The dollar is having a significant effect on the metals.
COPPER_ all time frames are in a trade up.
time pressures turn down on the 20th of January and take us into a cycle end around mid April.
all trade pressures are up.
the long entry of 3.39 took the trade near the first target of 3.66. this second move thru should reach 3.57.
as trade pressures would then be extended a pull back from there should allow for a trade to the 3.66 target
GOLD_ has been supported by the fib confluences at 1520 and has consolidated around the 1570 target.
today’s move takes the market thru the long entry with a target of 1689.
since the time pressures are down and end the 27th of January, it seems likely that a hard down day or two is ahead .
a trade down thru 1576 would restart the move down.
SILVER_ has retested the 9/26 spike down and now has traded thru the long entry price.
next target is 32.08.
time pressures turn down on the 20th of January. trade pressures are up.
as in gold, likely a move down before a sustained move up.
a trade down thru 27.54 could restart a move down.