Gold closed lower on Monday and extend the decline after a short covering bounce off the 38% retracement level of this year's rally crossing. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are oversold and turning neutral to bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off June's high, the 50% retracement level of the aforementioned decline crossing is the next downside target.

Silver closed higher on Monday and the high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI have turned bearish hinting that a short-term high might be in or is near. Closes above last Thursday's high crossing are needed to confirm that a low has been posted. If it extends the decline off June's high, June's low crossing is the next downside target.

Crude Oil closed unchanged on Monday and the high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off this month's low, June's high crossing is the next upside target. Closes below last Tuesday's low crossing would temper the near-term friendly outlook.

Natural Gas closed higher due to profit taking on Monday as it consolidated some of this week's rally. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. Closes above Wednesday's high crossing are needed to confirm that a short-term low has been posted. Closes below the 10-day moving average crossing would temper the near-term friendly outlook.

Coffee closed lower on Monday and the mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are turning neutral signalling that sideways trading is possible near-term. From a broad perspective, it needs to close above or below to clear up near-term direction in the market.