April gold closed sharply lower due to profit taking on Tuesday as it consolidated some of last week's rally.

The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term.

If April extends this year's rally, psychological resistance crossing at 1015.00 is the next upside target. Closes below the 20-day moving average crossing at 934.30 would confirm that a short-term top has been posted. First resistance is last Friday's high crossing at 1007.70.

Second resistance is psychological resistance crossing at 1015.00. First support is the 10-day moving average crossing at 963.60. Second support is the 20-day moving average crossing at 934.30.

March silver closed sharply lower on Tuesday due to profit taking and below the 10-day moving average crossing at 13.820 signaling that a short-term top has likely been posted.

The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term.

If March extends this year's rally, the 50% retracement level of last year's decline crossing at 14.875 is the next upside target. Closes below the 20-day moving average crossing at 13.176 are needed to confirm that a short-term top has been posted. First resistance is Monday's high crossing at 14.600. Second resistance is the 50% retracement level crossing at

14.875. First support is today's low crossing at 13.680. Second support is the 20-day moving average crossing at 13.176.

March copper closed higher on Tuesday and above the 20-day moving average crossing at 150.16. The high-range close sets the stage for a steady to higher opening on Wednesday.

Stochastics and the RSI are oversold and are turning bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 157.60 would temper the near-term bearish outlook in the market.

f March renews this month's decline, the reaction low crossing at 137.30 is the next downside target. Closes below the reaction low crossing at 137.30 are needed to confirm a trading range breakout while opening the door for a possible test of December's low crossing at 125.50.

First resistance is today's high crossing at 152.95. Second resistance is the reaction high crossing at 157.60 First support is last Friday's low crossing at 139.50. Second support is the reaction low crossing at 137.30.