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June gold closed higher on Thursday. The high-range close sets the stage for a steady to higher opening when Friday'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 the 20-day moving average crossing at $1793.60 would signal that a short-term top has been posted. If June extends the rally off the 50% retracement level of the August-March decline crossing at $1894.10 is the next upside target. First resistance is the 38% retracement level of the August-March-decline crossing at $1842.70. Second resistance is the 50% retracement level of the August-March decline crossing at $1894.10. First support is the 20-day moving average crossing at $1793.60. Second support is the 50-day moving average crossing at $1754.70.

July silver closed lower on Thursday as it consolidates some of the rally off March's low. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are overbought, diverging and are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 26.609 would signal that a short-term top has been posted. If July extends the rally off March's low, the 75% retracement level of the February-March-decline crossing at 28.451 is the next upside target. First resistance is the 62% retracement level of the February-March-decline crossing at 27.628. Second resistance is the 75% retracement level of the February-March-decline crossing at 28.451. First support is the 20-day moving average crossing at 26.609. Second support is the April-29th low crossing at 24.745.

July copper closed lower on Thursday. The mid-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. Closes below the 20-day moving average crossing at 448.83 would confirm that a short-term top has been posted. If July extends the rally off the March 19th, 2020 low, upside targets will be hard to project. First resistance is Monday's high crossing at 488.80. Second resistance is unknown. First support is the 10-day moving average crossing at 463.06. Second support is the 20-day moving average crossing at 448.83.