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.
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