Gold, Silver, Copper and Crude Oil Briefing
$GLD, $SLV, $CU, $USO, $OIL
Commentary: Nothing New.PE
Brent Crude at 66.97, and WTI Crude Oil at 63.46 are down as expected. The Crude Oil prices could head lower in here. Brent Crude has support at 65, if it holds could take it higher again longer run, or the price could continue to dip towards 63-62. WTI Crude Oil could test 62 near term. My view is Bearish now.
Gold at 1344.18 is ranged within 1350-1320, and is likely to remain so for 2-3 sessions with a possible chance of testing at 1360-1370 soon.
Copper at 3.1765 is likely to bounce to 3.25. That, unless a break on either side of 3.17-3.25 is seen, it is difficult to project the further course of direction now. Wait to see.