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December gold was higher overnight as it renewed the rally off September's low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off October's low, the 38% retracement level of the April-August-Decline crossing at 1251.30 is the next upside target. Closes below the 50-day moving average crossing at 1206.20 would temper the near-term friendly outlook. First resistance is the overnight high crossing at 1239.80. Second resistance is the 38% retracement level of the April-August-Decline crossing at 1251.30. First support is the 10-day moving average crossing at 1225.30. Second support is the 50-day moving average crossing at 1206.20.

December silver was higher overnight as it extends this month's trading range. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 14.950 would renew the rally off September's low. Closes below the reaction low crossing at 14.255 would confirm that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is the reaction high crossing at 14.950. Second resistance is the August 28th reaction high crossing at 15.070. First support is the reaction low crossing at 14.255. Second support is September's low crossing at 13.965.

December copper was lower overnight as it extends the trading range of the past six-weeks. The low-range trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral signaling that sideways trading is possible near-term. If December resumes the rally off September's low, the July 5th gap crossing at 293.10 is the next upside target. Closes below the 50-day moving average crossing at 272.74 would confirm a downside breakout of the aforementioned trading range. First resistance is the July 5th gap crossing at 293.10. Second resistance is the 50% retracement level of the June-August-decline crossing at 296.46. First support is the 50-day moving average crossing at 272.74. Second support is September's low crossing at 258.00.

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