Copper! More Weakness in the weeks to come

More weakness to come in weeks ahead

Copper Intraday

Copper (CME) 6/6/2012 11:29 AM 1 week Trend: (=) 1 month Trend: (=) Copper‏ (Jul 12) intraday: the downside prevails. Pivot: 3.35 Our Preference: SHORT positions below 3.35 with targets @ 3.3 & 3.24. Alternative scenario: The upside penetration of 3.35 will call for a rebound towards 3.375 & 3.405. Comment: the upward potential is likely to be limited by the resistance at 3.35. Trend: ST Ltd downside; MT Bearish

1 Hour Gold is in Range ! Trade on BreakOut

1 Hour Gold is in Range. We recommend to trade on Break Outs.

Gold Should Reach to New High

Gold should reach new highs in this week, maybe even around 1640, but after 1628 break of wave b) extreme.

Crude Oil 15 Min | Elliott Wave

Observing now oil 15 minutes for possible trade on 4 wave correction for fifth. We are in the later stages of falling market and expect a bigger correction so we have to pay attention on every aspect if we want to trade this. Looking for inter-market relationship to confirm the trade set up. Here is food for thought. And we have to see what shape will this 4 wave take....Aleks

Sell Gold around 1656-1660 for 1645-1632-1626

Sell Gold around 1656-1660 Target 1645-1632-1626 SL above 1666

Crude Oil Signal

Crude Oil: Long at 100.75

Stop 100.16

Target: 101.77-102.44