December gold closed higher on Friday as it extends this month's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that additional gains are possible near-term. Closes below the 20-day moving average crossing at 1072.30 are needed to confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 1123.40. First support is the 10-day moving average crossing at 1095.30. Second support is the 20-day moving average crossing at 1072.30.

December silver closed higher due to short covering on Friday as it extended this month's trading range. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this month's rally, October's high crossing at 18.175 is the next upside target. Closes below today's low crossing at 17.025 are needed to confirm that a short-term top has been posted.

First resistance is Thursday's high crossing at 17.780. Second resistance is October's high crossing at 18.175. First support is today's low crossing at 17.025. Second support is the reaction low crossing at 16.120.

December copper closed higher due to short covering on Friday and the high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are neutral to bearish hinting that a short-term top might be in or is near. Closes below the reaction low crossing at 289.50 are needed to confirm that a top has been posted. If December renews last month's rally, the 75% retracement level of the 2008-2009-decline crossing at 316.36 is the next upside target. First resistance is October's high crossing at 306.90. Second resistance is the 75% retracement level of the 2008-2009-decline crossing at 316.36.

First support is last Tuesday's low crossing at 289.50. Second support is the reaction low crossing at 275.60.