Morning Brief: Gold, Silver, Copper, Crude

Posted by: : Paul EbelingPosted on: October 7, 2013 Morning Brief: Gold, Silver, Copper, Crude

Gold at 1313.90, +0.31% and Silver at 21.76, +0.01%) rose on talks over debt-limit and concern over US outlook. Both remain side ranged and could continue for some time.

Copper at 3.3020 bounced from support at 3.298. It is consolidating within a broad range of 3.2-3.35. A rise within this range could come in the coming weeks,

Brent Crude Oil at 109.10, -0.33% is consolidating in here, and may rise toward 110.

NYMEX WTI Crude Oil at 103.29, -0.53% fell as the Gulf of Mexico production resumed after Tropical Storm Karen diminished and on concern over expansion of US de Resistance near 103.80 may be tested. It could also be ranged sideways for some time.

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.
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