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June gold closed slightly higher on Thursday. The mid-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are oversold but are turning neutral to bullish signaling that a low might be in or is near. If June extends the decline off February's high, the 62% retracement level of the August-February-rally crossing at 1252.70 is the next downside target. Closes above the 20-day moving average crossing at 1290.60 are needed to confirm that a low has been posted. First resistance is April's high crossing at 1314.70. Second resistance is March's high crossing at 1330.80. First support is the 50% retracement level of the August-February-rally crossing at 1272.30. Second support is the 62% retracement level of the August-February-rally crossing at 1252.70.

May silver closed slightly lower on Thursday. The mid-range close set the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends the decline off February's high, the 75% retracement level of the November-February-rally crossing at 14.644 is the next downside target. Closes above the 20-day moving average crossing at 15.019 are needed to confirm that a low has been posted. First resistance is the 20-day moving average crossing at 15.019. Second resistance is the 50-day moving average crossing at 15.318. First support is the 75% retracement level of the November-February-rally crossing at 14.644. Second support is the 87% retracement level of the November-February-rally crossing at 14.378.

May copper closed sharply lower on Thursday as it extends the February-April trading range. 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 neutral to bearish signaling that sideways to lower prices are possible near-term. If May extends today's decline, March's low crossing at 283.45 is the next downside target. Closes above the 20-day moving average crossing at 291.67 would confirm that a short-term low has been posted. First resistance the 50% retracement level of the April-December-2018 decline crossing at 296.76. Second resistance is the 62% retracement level of the April-December-2018 decline crossing at 306.69. First support is March's low crossing at 283.45. Second support is the reaction low crossing at 275.95.