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 62.80 has support in the 61-62 area, and while that holds, a bounce to 65 is seen in here.

WTI Crude Oil at 59.17 has support near 57.30-58.00, which may drive the price to near 60-62 later this week. Near term may be Bullish.

Gold at 1337.20 is moving up. A re-test of 1340-1345 is possible near term. My view is Bullish this week.

Copper at 3.1560 moved back above 3.0750, and while that support holds, the price may continue to 3.20-3.25 in the days ahead. Near term looks Bullish to me.

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