S&P 500
2103.84
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17689.86
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Crude Oil
47.12
-1.71 -3.66%
Gold
1095.48
0.00 0.00%
Euro
1.0984
0.0000 0.00%
US Dollar
97.209
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Weak

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PRECIOUS METALS

August gold closed higher on Friday as it extends the trading range of the past eight-days. 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 neutral to bearish signaling that sideways to lower prices are possible near-term. If August resumes the decline off June's high, monthly support crossing at 1044.50 is the next downside target. Closes above the 20-day moving average crossing at 1124.50 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1095.10. Second resistance is the 20-day moving average crossing at 1124.50. First support is last Friday's low crossing at 1072.30. Second support is monthly support crossing at 1044.50.

September silver closed lower on Friday. The mid-range close set the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signailng that a low might be in or is near. Closes above the 20-day moving average crossing at 14.963 are needed to confirm that a low has been posted. If September resumes the decline off May's high, weekly support crossing at 14.155 is the next downside target. First resistance is the 20-day moving average crossing at 14.963. Second resistance is the reaction high crossing at 16.460. First support is last Friday's low crossing at 14.330. Second support is weekly support crossing at 14.155.

September copper closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If September resumes the decline off May's high, weekly support crossing at 210.43 is the next downside target. Closes above the 20-day moving average crossing at 246.20 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 246.20. Second resistance is the reaction high crossing at 265.50. First support is Monday's low crossing at 233.75. Second support is weekly support crossing at 210.43.

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