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 67.41, and WTI Crude Oil at 63.95 have moved up, recovering from marks seen Tuesday. Near term looks Bearish, while trading below 68 and 64 respectively.

Note: Let’s see if the weekly support on Brent holds or pushes it lower near term.

Gold at 1329.73 fell Tuesday and may test the 1320. While below 1350, we may negate a test at 1360-1370.

Note: Let’s see if 1320 support holds or breaks near term.

Copper at 3.2225 moved up as expected and may remain in the 3.25-3.17 zone for 2-3 more sessions followed by a break on either side of the range. which would indicate direction ahead.

Stay tuned

The following two tabs change content below.

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.

You must be logged in to post comments :  
CONNECT WITH