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April gold closed lower on Friday as it extends the trading range of the past two-weeks. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 1284.60 would confirm that a short-term top has been posted. If April resumes the rally off November's low, the 62% retracement level of the April-August-Decline crossing at 1320.10 is the next upside target. First resistance is the 62% retracement level of the April-August-Decline crossing at 1320.10. Second resistance is the 75% retracement level of the April-August-Decline crossing at 1349.50. First support is the reaction low crossing at 1284.60. Second support is the 50-day moving average crossing at 1260.10.

March silver closed lower on Friday and below the 20-day moving average crossing at 15.461 confirming that a short-term top has been posted. The low-range close set the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off January's high, the 50-day moving average crossing at 14.882 is the next downside target. If March renews the rally off November's low, the 50% retracement level of the 2017-2018-decline crossing at 16.279 is the next upside target. First resistance is January's high crossing at 15.955. Second resistance is the 50% retracement level of the 2017-2018-decline crossing at 16.279. First support is today's low crossing at 15.380. Second support is the 50-day moving average crossing at 14.882.

March copper closed higher on Friday as it extends the rally off January's low. 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 neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 271.46 would confirm that a short-term low has been posted while opening the door for additional gains near-term. If March renews the decline off December's high, the 62% retracement level of the 2016-2018-rally crossing at 251.75 is the next downside target. First resistance is the 50-day moving average crossing at 271.46. Second resistance is the reaction high crossing at 280.35. First support is January's low crossing at 254.30. Second support is the 62% retracement level of the 2016-2018-rally crossing at 251.75.

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