Gold, Silver, Copper and Crude Oil Briefing
$GLD, $SLV, $CU, $USO, $OIL
Brent Crude at 65.28, and WTI Crude Oil at 62.08 are trading a lower than Tuesday at 66.0-66.50, if the near term resistance holds in here Crude Oil prices are likely to fall to 64.30 and 61 respectively.
Gold at 1.336.80 moved up some, and may attempt to re-test at 1345-1350 in the next 1-2 sessions. Near term looks Bullish to me.
Copper at 3.1555 is stable. While below 3.18, there is room to move South to 3.07, or a rise back to 3.20 is possible.
The following two tabs change content below.
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.