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

WTI Crude Oil at 59.88 moved up from 58. If see a dip below 58, WTI Crude Oil is likely to test 56-54, as seen on the 3-Day then comes a bounce.

Brent Crude at 63.43 has been stable above 62-61, which looks to be a important support medium term.

Brent-WTI Spread at 3.53 is up from support near 3. There is room to re-test 3.00  near term before moving back up.

Gold at 1326.10 is likely to trade above 1300-1305 in here, and may move to 1340-1360 in the coming sessions. Near term looks Bullish to me.

Copper at 3.0785 is trying to move above 3.0750, if that happens, the Red metal’s price may start moving to 3.15, but, failure to move above 3.0750-3.0800 in here could push it to 3.00-2.97 medium term.

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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