I hold Buy Signals for Copper, Aussie Dollar, Yen and Pound 

CURRENCIES: 07/02/09 Higher closes yesterday for the Aussie dollar, Euro Fx, Swiss franc, British pound and Canadian dollar while lower for the Japanese yen and dollar index. The euro made a new recent high and close turning back higher and now should test its highs while the franc is still in a good resistance area barely hanging on to my sell signal. The yen closed lower for the 3rd trading session in a row starting to act like its rally is over and may test the 10200 area basis the September contract. The Canadian dollar made a new recent low again but rallied to settle higher this time continuing to hold a support area around 8600 but still in a downtrend overall. The pound and Aussie dollar settled higher but both looking strong overall. The latter needs to stay above 7800 basis the September contract however. The dollar made a new recent low and close as its downtrend continues.

METALS: 07/02/09 Higher closes on Wednesday for gold, silver, gold and platinum but no changes technically except the silver is now in a small bear pennant.. Copper made a new recent high and close still in a very strong and orderly uptrend overall. Gold is still a sell in my opinion but has been consolidating and whichever way it breaks out of its pattern should dictate the direction it will be going. On the other hand, silver is in a bear pennant with a much weaker looking chart pattern than the gold with 1100 my objective basis the September contract. Platinum also settled higher but is still in a large bear pennant or triangle forming a potential top. It should continue down to the 11500 area basis the October contract.