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 1293.6, and Silver at 17.17 are stable. Gold could test at 1300 in the next few sessions, while Silver could see a dip to 17.00-16.80 or remain stable near current marks now.

Brent Crude at 56.61, and WTI Crude Oil 51.02 are stable as seen Wednesday. As I mentioned Wednesday, Brent Crude can continue rising to 57.45, and WTI Crude Oil could rise to 51.50-52.00 before seeing another down move.

Copper at 3.0895 moved up sharply as I expected. The price may pause near 3.10 or if it moves higher, see a re-test of 3.18-3.20 near term.

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.

Latest posts by Paul Ebeling (see all)

You must be logged in to post comments :  
CONNECT WITH