October gold was slightly higher overnight as it consolidates some of Tuesday's decline. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 1644.00 would confirm an upside breakout of this summer's trading range while opening the door for additional gains into early August. Closes below the 20-day moving average crossing at 1594.40 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 1626.90. Second resistance is June's high crossing at 1644.00. First support is the 20-day moving average crossing at 1594.40. Second support is the reaction low crossing at 1550.00.<\/p>\n
September silver was slightly lower overnight as it consolidates some of Monday's rally. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 28.445 are needed to renew the rally off June's low. Closes below the 20-day moving average crossing at 27.340 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 28.445. Second resistance is June's high crossing at 29.915. First support is the 20-day moving average crossing at 27.340. Second support is June's low crossing at 26.105.<\/p>\n
September copper was lower overnight as it consolidates some of the rally off last Wednesday's low. Stochastics and the RSI are neutral to bullish hinting that a low might be in or is near. Closes above Tuesday's high crossing at 345.70 would confirm that a short-term low has been posted. If September renews the decline off July's high, June's low crossing at 325.00 is the next downside target. First resistance is Tuesday's high crossing at 345.70. Second resistance is July's high crossing at 355.65. First support is the reaction low crossing at 326.50. Second support is June's low crossing at 325.00.<\/p>\n
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To receive INO.com<\/a>\u2018s Daily Market Analysis & Commentary click here<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" October gold was slightly higher overnight as it consolidates some of Tuesday's decline. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 1644.00 would confirm an upside breakout of this summer's trading range while opening the door […]<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4429,307],"class_list":["post-15532","post","type-post","status-publish","format-standard","hentry","category-general","tag-morning-commentary","tag-precious-metals"],"yoast_head":"\n