in the weekly trade down to 1091.
longer Time pressures down and trade pressures are down.

Daily trade is down thru the 1158 target. the next target is 1028.
time pressures are down til Sept 6th. Both crude and silver have time pressures ending on the 10th of august. copper pressures end the 18th.
1129 is the 62% retrace of the move up from the july 2010 lows and trade pressures are oversold, so, maybe a bounce soon.

a trade up thru 1160 could rally to 1197.

volatility is 40 – 60 points a day.