Gold, Silver, Copper and Crude Oil Briefing
$GLD, $SLV, $CU, $USO, $OIL
Commentary: Nothing New. PE
Brent Crude at 64.7 trades below 66 and ranged within 66-63 now. Some more trade within this range is possible near term. Near term looks Neutral – Bearish to me.
WTI Crude Oil at 60.80 is ranged within 59.50-61.0, not much change seen this week.
Gold at 1329.0 seen moving up to 1340/50. Near term looks Bullish to me
Copper at 3.1485 could see rejection at 3.1750 before coming off to 3.1000-3.0750. A clear break above 3.1750 could trigger a rise to 3.20 or higher in here.
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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.