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METALS: December gold futures closed up $3.00 at
$1,164.80 today. Prices closed near mid-range today in
quiet, consolidating trading following Tuesday's big sell
off. Prices today did poke to another fresh three-month
low. Serious near-term technical damage was inflicted
Tuesday. Prices are in a six-week-old downtrend on the
daily bar chart. However, there has been no significant
longer-term technical damage seen on the weekly or
monthly charts for gold futures. Bears' next near-term
downside price objective is closing prices below solid
technical support at $1,150.00. Bulls' next near-term
upside technical objective is to produce a close above
solid chart resistance at $1,200.00. First resistance is
seen at today's high of $1,168.80 and then at $1,172.00.
Support is seen at today's low of $1,159.30 and then at
$1,155.00. Wyckoff's Market Rating: 4.5.

December silver futures closed down 9.7 cents at $17.585
an ounce today. Prices closed near mid-range today and
did hit a fresh seven-week low. Bulls have faded and the
bears now have the slight near-term technical advantage.
Prices are in a six-week-old downtrend on the daily bar
chart. The next downside price objective for the bears is
closing prices below solid technical support at the June
low of $17.335. Bulls' next upside price objective is
closing prices above solid technical resistance at last
week's high of  $18.335 an ounce. First resistance is
seen at today's high of $17.775 and then at $18.00. Next
support is seen at today's low of $17.40 and then at
$17.335. Wyckoff's Market Rating: 4.5.

December N.Y. copper closed up 445 points at 327.15 cents
today. Prices closed nearer the session high today and
hit a fresh 11-week high. Copper bulls have the overall
near-term technical advantage and gained some fresh
upside technical momentum today. Prices are in a seven-
week-old uptrend on the daily bar chart. The next
downside price objective for the bears is closing prices
below solid technical support at 314.00 cents. Bulls'
next upside objective is pushing and closing prices above
solid technical resistance at 340.00 cents. First
resistance is seen at today's high of 328.50 cents and
then at 330.00 cents. First support is seen at 325.00
cents and then at 322.50 cents. Wyckoff's Market Rating:
6.0.