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December gold posted an inside day with a lower close on Friday while extending the August-October trading range. The mid-range close sets the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off October's low, the reaction high crossing at 1543.30 is the next upside target. If December renews the decline off September's high, the 38% retracement level of the May-September-rally at 1459.80 is the next downside target. First resistance the reaction high crossing at 1543.30. Second resistance is September's high crossing at 1559.80. First support is the 38% retracement level of the May-September-rally at 1459.80. Second support is the 50% retracement level of the May-September-rally at 1426.60.

December silver posted an inside day with a lower close on Friday. The high-range close set the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above last-Wednesday's high crossing at 18.800 would temper the near-term bearish outlook. If December renews the decline off the September 24th high, the 62% retracement level of the May-September-rally crossing at 16.547 is the next downside target. First resistance is last-Wednesday's high crossing at 18.800. Second resistance is the September 24th high crossing at 18.810. First support is October's low crossing at 16.940. Second support is the 62% retracement level of the May-September-rally crossing at 16.547.

December copper closed higher on Friday as it extends the rally off October's low. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off October's low, September's high crossing at 270.65 is the next upside target. Closes below last-Thursday's low crossing at 254.75 would confirm that a short-term top has been posted. First resistance is September's high crossing at 270.65. Second resistance is the reaction high crossing at 273.20. First support is October's low crossing at 251.50. Second support is September's low crossing at 248.20.