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June gold closed higher on Friday. The mid-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below May's low crossing at $1676.00 would confirm that a short-term top has been posted while opening the door for additional weakness near-term. If April extends the rally off May's low, April's high crossing at $1788.80 is the next upside target. First resistance is Monday's high crossing at $1775.80. Second resistance is April's high crossing at $1788.80. First support is the 50-day moving average crossing at $1678.70. Second support is the April 21st low crossing at $1666.20.

July silver closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off March's low, February's high crossing at 19.075 is the next upside target. Closes below the 20-day moving average crossing at 16.071 would confirm that a short-term top has been posted. First resistance is the 87% retracement level of the February-March-decline crossing at 18.134. Second resistance is February's high crossing at 19.075. First support is the 10-day moving average crossing at 16.670. Second support is the 20-day moving average crossing at 16.071.

July copper closed lower on Thursday as it consolidated some of the rally off March's low. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off March's low, the 62% retracement level of the January-March-decline crossing at 254.68 is the next upside target. Closes below the 20-day moving average crossing at 236.89 are needed to confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 246.80. Second resistance is the 62% retracement level of the January-March-decline crossing at 254.68. First support is the 20-day moving average crossing at 236.89. Second support is the 50-day moving average crossing at 230.41.