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: Nothing New. PE

Gold at 1275.74 to trade quietly in the 1290-1260 now before moving up sharply above 1300. While long term looks Bullish to me, the price lacks momentum in here, and needs some trigger from movement in the .DXY to motivate.

Brent Crude at 62.97 is likely to move down to 62-61. Northside room to 65 is open for another try, but the price action looks Bearish for now.

WTI Crude Oil 56.64 is stable below Major resistance at 58.50. Medium to long term looks Bearish to me. 1st target seen at 55 on a break below 56.

Copper at 3.1165 bounced from 1st support at 3.05, may be headed towards 3.20/25. Near term looks Bullish while above 3.00-3.05 to me.

Stay tuned…

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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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