Crude Oil, Nat Gas, Copper Up, Gold, Silver Down

Posted by: : Paul EbelingPosted on: April 7, 2015 Crude Oil, Nat Gas, Copper Up, Gold, Silver Down

Crude Oil, Nat Gas, Copper Up, Gold, Silver Down


  • May WTI Crude Oil finished +1.85 at 53.96 bbl.
  • May Nat Gas gained 0.03 to 2.68 MMBtu
  • June Gold finished -8.10 at 1210.60 oz
  • May Silver closed -0.27 at 16.84 oz
  • May COMEX Copper finished +3.60 at 275.30 lb


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US Gold prices finished lower Tuesday. A higher .DXY worked against the precious metals market.

.DXY bounced off of its lows, but early indications that the Buck put in a major top.

Tuesday has Crude Oil prices higher. The Crude Oil Bulls have technical advantage in here. That is Bullish Gold and Silver.

The London PM Gold Fix is 1,211.00 Vs the prior London AM Gold Fix at 1,208.50.

Technically speaking

June Gold futures prices closed nearer the session low on profit-taking after prices hit a 6-wk high Monday.  Gold Bulls have the Northside momentum as a 3-wk uptrend is in place on the daily.

Gold Bulls’ next Northside objective is a close above resistance at 1,240.00.

Gold Bears’ next Southside objective is a close below support at 1,200.00.

1st resistance is seen at 1,215.90, then at 1,224.50.

1st support is seen at 1,207.50, then at 1,200.00.

Stay tuned…


Paul Ebeling

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.

Trade FX, Equities and Options with the World's Leading Platform Open an account here , call us at 305 4904 116, or email us to get started.

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