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

Gold at 1336 moved higher and trading within the range of 1327-1363. Will stay on the buy side while it is trades above 1325-27. A close below 1325 could open up 1303 next.

Silver at 17.93 is almost unchanged and trading within the range of 17.40-18.05. A close above 18.05 could open up 18.17 and 18.50.

Copper at 3.03 has come down in line with my expectation and trading within the range of 3.00-3.16. A daily close below 3.00 could open up 2.90 next.

Brent Crude at 54.16 is hanging around the pivot of its near term trading range of 53.30-55.60. A close below 53.30 could open up 51, or could move up to 55.

WTI Crude Oil at 48.26 is trading within its range of 47.22-50-48.70. Only a break above 48.70 will see 50.20.

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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