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 1295.94 may test Key resistance near 1300, which if holds could bring back the prices towards 1280, or a rise to 1310 near term.

Silver at 17.26 may be headed to 17.50 soon.

Brent Crude at 56.49, and WTI Crude Oil at 50.89 are trading lower Friday. But there could be some ability to test 57.45 in Brent Crude, and 51.50-52.00 in WTI Crude Oil near to medium term.

Copper at 3.1150 is moving up as expected and could re-test at 3.15-3.18 in the next few sessions. After that, the price could pause for some time before again deciding on direction.

Have a terrific weekend

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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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