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

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.

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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