Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

$GLD, $SLV, $CU, $USO, $OIL

Commentary: Safe-havens in focus but could fade some. PE

Brent Crude at 71.93, and WTI Crude Oil at 66.84 have come off from highs near 73 and 67.5 respectively. Do not see geopolitical developments from last Friday having any real impact on energy markets this week. Overall, both Brent Crude, and WTI Crude Oil could move to 74 and 68 respectively and then come off from there.

Gold at 1348.90 holding below Key resistance at 1370 and should continue its ranged within 1320-1370 this week, then we will see what happens.

Copper at 3.0585 fell from 3.15 last week and has even broken below support on daily candles. If this break holds it could move to support at 3.00. But, the Red metal may find some support near 3.05.

Have a terrific week

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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