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: Commodities are all mixed; precious metals reversed to Bullish over the next couple of sessions, while Crude Oil prices remain stable, Copper looks Bullish for the coming sessions. PE Brent Crude at 55.39, and WTI Crude Oil at 50.23 are stable and may come […]

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: Commodities are all mixed; precious metals look Bearish over the next couple of sessions, while Crude Oil prices may remain stable, Copper looks Bullish for the coming sessions. PE Brent Crude at 55.39 has immediate resistance near 56-57 region and could come off […]

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 Brent Crude at 55.72 has been rising in line with expectations and could rise to 56.65 in here. WTI Crude Oil at 49.91 is stable, and could trade sideways for a couple of sessions before moving up to 51. Near term […]

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 Brent Crude at 55.24 saw a high near 55.99 Thursday and may try for higher marks if it manages to remain above near term support at 54.65. WTI Crude Oil at 49.68 may also try to move up to 52 […]

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: Precious metals are in a corrective mode after the recent rally in the last few weeks. Only Crude Oil prices look Bullish near term as they are on the verge of breaking 1st resistances to move higher. PE Gold at 1321.38 may have made […]

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 […]

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 1329 moved lower in line with my short term Bearish view due to overbought condition and renewed strength in .DXY. The trading range for Gold is now 1327-1363, and a close below 1327 could open up 1303. Silver at […]

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 1341 moved lower to cover its overbought condition, the immediate trading range of 1326-1361 is still intact. Silver at 17.95 also moved lower within its range of 17.40-18.05. Note: Gold and Silver medium term are out of their short […]

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: USD weaker, Gold stronger. PE Gold at 1356 moved North and met my target of 1350 as USD (.DXY) in trading below 91.50. The range for Gold is now within 1335-1371 with an interim support at 1345. Gold is overbought (can stay that way […]

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: USD weak, Gold strong. PE Gold at 1338 is hanging around near term support at 1335 with no directional bias. As it is gets overbought, a fall to 1303 may be seen a clear break of 1335. Silver at 17.98 trades within the range […]

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: USD weaker, Gold stronger. PE Gold at 1344 moved higher as The US Dollar (.DXY) Index failed to hold 92.50  and came down 92.29. The trading range for Gold is 1280-1350 with interim support at 1335. Gold is overbought near term so, I […]

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 1341 is headed to 1350 with the support at 1335 intact. The is concern about the sustainability beyond 1350-55, due to short term overbought condition. Silver at 17.96 is highly overbought in here, and price correction to 17.50 could […]

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 1324 moved higher as .DXY failed to hold its ground above 93. The trading range for Gold is 1280-1350 with an interim resistance at 1335. Gold is not overbought in here thus a quick rally could be seen on […]

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 1307 responded to its highly overbought condition and moved lower in line with my expectation, but there is no change in the trading range within 1280-1350, with a pivot at 1300. I am Bullish Gold while it is trading […]

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 1318 is trading above 1300 due to weakness in .DXY at 92.24, the trading range for Gold is within 1280-1350 with a pivot at 1300. Gold is highly overbought near term, so I am not confident about the sustainability […]

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 1323 is now stable just above its Psych  support at 1300 . The next resistance at 1350. My concern is the near term overbought condition in Gold, so a short term correction is needed to 1300ish before the next […]

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 1294.38 is stable just below Key psych resistance at 1300 and has been ranged within 1280-1295 region several sessions.  Could this mean that the stability in the price is an indication of a base building before a sharp […]

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 1289 did not move higher than its psych resistance at 1300, could remain in a sideways channel of 1275-1298 Thursday and Friday. Silver at 16.93 is ranged within 16.50-17.05, a daily close above 17.05 could open up 17.50. Copper […]

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 1289 is hanging around Key psych resistance at 1300 and if this resistance breaks, a fast move to 1317-25 cannot be ruled out. Or it remains in a sideways move which may push it to the support of 1275 […]

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 1294 moved up in line with my expectation, while it remains above 1275-80 there is chance of re-testing 1300-07 near term. Barring that, a fall towards 1260 is possible. Note: As .DXY at 92.92 is headed to 92.50, […]

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:  The commodities listed below are all trading below resistances and could move up in the next few sessions before seeing a corrective dip medium term. PE Gold at 1285.62 came off from resistance at 1300, but while it remains above 1275, there […]

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 1292 is hanging around its Key psych resistance at 1300 and if it resistance breaks, a quick move to 1317-25 cannot be ruled out. Otherwise it will stay in a sideways move that may take it to support at […]

Gold and Crude Oil Briefing

Gold and Crude Oil Briefing

Gold and Crude Oil Briefing $GLD, $OIL, $USO Commentary: Crude Oil falling on Very Bullish inventories as the FOMC boost Gold. PE The official US Crude Oil inventories delivered Wednesday announcing a huge drawdown, but crude prices themselves did not. After a brief rally following the numbers, both Brent Crude, and WTI Crude Oil collapsed […]

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 1279 struggles to rise above 1300, only a break above that may open up the higher target at 1327. Crucial supports stands at 1258 and 1230. If support at 1230 breaks, there will be a further decline […]

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: Overall Crude Oil prices could fall in the coming sessions; Silver could have some more room to the Northside; Gold looks Bearish. PE Gold at 1287.59 has come from 1292 seen last week. 1st resistance is seen near 1296, which if holds could […]

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 1291 rose in line with expectations and broke above 1st resistance at 1285 thus it might continue the rally to 1300-1315. Failure to rise above 1300 may push it to 1280, then 1267. Will remain Bullish Gold while it […]

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 1276.42 has risen in line with our expectations but needs a break above the immediate resistance of 1285 to continue the rally towards 1300. Failure to rise above 1285 may push it back to 1250, but at this […]

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: These markets are ignoring the US-NKorea saber rattling.. PE Gold at 1264.87 holding above the support of 1245. Only on a break below 1245 sees lower marks to 1230-10 coming into focus. Silver at 16.51 rose above the resistance at 16.50, making the […]

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 Neither Gold at 1260, or Silver at 16.28 has moved in the last session with almost all the commodities, irrespective of the category, have taken a pause after sharp expansion of volatility the last few days. Note: In case the support […]

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 Failure to rise above the resistance of 1270-75 has dragged Gold at 1258 down as it test 1st support at 1258 below which comes 1245 next. And in case the support at 1245 breaks, there will be a further dip to […]

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 1267 is struggling to rise above 1270-75, and only a break above that mark openss up the higher target of 1295. Major supports are at 1258 and 1245. Should the support at 1245 break, there will be a fall […]

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 1263 is ranged within 1245-75. It has a major support at 1245. If it holds, we can see a rise towards 1275. Recent sideways move had helped Gold to get out of its short term overbought territory but it […]

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 1266 is working to rise above 1270-75, and only a clear break above that opens up 1290. Key supports stand at 1260 and 1245. Again, not confident about the sustainability beyond 1270 due to short term overbought condition. If […]

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: No Change, USD continues to weaken. PE Gold at 1272 struggling to close above 1273-75, and only a close above that may open up targets at 1298 and 1307, Key supports are at 1258 and 1245. Not confident about the sustainability beyond […]

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 1268 moved higher and hanging near my target at 1270. Now it is ranged with 1258-70. Gold is overbought near term, so, I am not confident about price sustainability beyond 1270. There is a possibility of a correction towards […]

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 1260 is ranged within 1245-70. It has Key support at 1245. If that holds, see a rise to 1270. As Gold is overbought near term, am not confident about the sustainability beyond 1270ish. But, in case the support […]

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: Gold and Silver have strengthened on continuing weakness seen in the USD at 93.22.PE Gold at 1260 due to fresh weakness in .DXY at 93.22). The trading range for Gold is 1258-1270. Gold is overbought near term time, and am not confident about thits […]

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: Gold and Silver have strengthened as no sign of recovery had been seen in the USD at 93.80.PE Gold at 1247 is ranged within 1245-58. It has major support at 1245. If it holds, see a rise towards 1258 and 1270. If support at […]

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: Gold and Silver have strengthened as no sign of recovery had been seen in the USD at 93.80.PE Gold at 1254, and Silver at 16.46 are hanging around their Key resistances at 1260 and 16.50. Gold looks overbought in here, and its trading […]

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: OPEC meeting in Moscow now. PE Ahead of the OPEC meet in Russia today, both Brent Crude at 48.21, and WTI Crude Oil at 45.86 have corrected sharply, and tested their respective supports of 48 and 46. The Northside chances remain open […]

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 1245, and Silver at 16.33 are hanging around 2nd major resistances at 1246 and 16.50. A clear break above 1245 is necessary for Gold to remain Bullish to 1260 near term, or a fall below 1230 could take […]

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: The weakness in the US Dollar (.DXY) Index at 94.56 has impacted positively across all the commodities. Note: the USD is highly oversold, High Caution warranted in here.PE Gold at 1238, and Silver at 16.21 are trading above their Key support at 1231 and […]

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: The weakness in the US Dollar (.DXY) Index at 94.56 has impacted positively across all the commodities. Note: the USD is highly oversold, High Caution warranted in here.PE Note: Bullion strengthened Vs USD Tuesday. Gold at 1240, and Silver at 16.24 are trading above […]

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: The weakness in the US Dollar (.DXY) Index at 94.56 has impacted positively across all the commodities. Note: the USD is highly oversold.PE Gold at 1233 broke its major resistance of 1232 and opened up 1245. The recent sideways range for Gold could […]

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: The weakness in the US Dollar (.DXY) Index at 94.95 has impacted positively across all the commodities PE Gold at 1231 broke its recent short term down trend channel and is hanging around its major resistance of 1232. A close above that could open […]

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: In the bigger picture, market is continuously ignoring the shortage (-7.3, -3.2 and -6.3-M bbl) in US weekly Crude Oil inventories for last 3 weeks. PE Gold 1221, and Silver 15.92 are trading marginally higher to keep the upside possibilities open. The recent […]

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 1218, and Silver at 15.89) are ranged within 1188-1231 and 15.20-16.10 respectively. Will remain Bearish Bullion while they are trading below 1250 and 16.50. See a bounce towards their resistances can be seen due to near term […]

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: Gold/WTI Ratio at 27.31 found support at 26, and could move towards 28.5-29 by the end of this week.PE Gold at 1211, and Silver at 15.55 are trading within ranges of 1188-1231 and 15.20-16.10. Will remain Bearish Bullion while they are trading […]

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 1219 is short term oversold and needs a pause before attempting sub 1190 marks. It is hanging around 1120 near term area of support and a pause in the range of 12320-1245 can provide the necessary Bearish momentum. […]

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 Note:  Markets are now awaiting US NFPs (non-farm payrolls) for June out this am. for more insight into Fed policy and the future path of USD. Gold at 1219 is oversold and needs a pause to refresh before attempting lower […]

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 1223 is ranged within 1190-1230 and Silver at 16.00 is ranged within 15.80-16.50. So, remain Bearish bullion while Gold and Silver are trading below 1250 and 16.50 marks. Now await the US NFPs for June, due early Friday […]

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 1222 is trading within the range of 1190-1230 and Silver at 16.16 is within 15.80-16.50. Recall, that on 27 June, I said, “1233 for Gold and 16.45 for Silver fail to hold for the week then gradual selling […]

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 1237 is oversold and needs a pause before attempting lower marks, the support is at 1230, a clear break below 1230 is needed before the lower levels of 1193 can be seen. A pause in the range of […]

See WTI Crude Oil Price Falling to $30 bbl or Lower

See WTI Crude Oil Price Falling to $30 bbl or Lower

See WTI Crude Oil Price Falling to $30 bbl or Lower $USO, $OIL Experts, including me are warning that Crude Oil prices might continue to decline, and could revisit Y 2016 lows and then some. “Oil is in a downtrend and risks trending into the 30’s,” said a technical strategist at Bank of America Merrill […]

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 1245, and Silver at 16.60 ranged within 1233-1248 and 16.30-17.10 respectively. If 95 support holds for US Dollar (.DXY) Index at 95.25 then it could bounce to 97, limiting Northside for Gold.  So, Gold and Silver may […]

Crude Oil Breaks Key Support, Marks 7 Month Lows

Crude Oil Breaks Key Support, Marks 7 Month Lows

Crude Oil Breaks Key Support, Marks 7 Month Lows $OIL, $USO Crude Oil fell about 2% Tuesday, with Brent Crude settling at 7 month lows and WTI Crude Oil at its cheapest marks since September, after increased supply from several Key producers topped high compliance by OPEC and non-OPEC Oil producers with a deal to […]

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: Gold is trading weak against the USD in here. PE Gold at 1246 is trading above immediate support at 1245. A break below 1245 is necessary to turn Bearish towards 1231 near term, a bounce could take towards 1262. Gold is oversold near […]

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 1255 is trading at lower and may test the support at 1245. As The US Dollar (.DXY) Index moves towards 98.30, the Bullish momentum is fading. Should there be a clear break below 1245 in here, we […]

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 to add as the market is waiting for Wednesday’s FOMC  policy directive. PE Gold at 1264 is in a slow corrective move which could see 1242, if that support holds, a bounce to 1307 cannot be ruled out. Silver at 16.88 […]

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 1266 is in a corrective move which may see 1242, if the support holds, a bounce towards 1307 cannot be ruled out. Silver at 17.14 is weakening too, and may see 16.90 in here. See less volatility […]

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: Gold is suffering from the strengthened USD. PE Gold at 127.19 is hurt by USD at 97.30 and broke below my support at 1275, bringing 1247 to the Southside into focus. Silver at 17.29 weakened after failing to hold above 17.50-60 as expected […]

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: Gold is overbought and need a pause to refresh before it’s next leg up, it is doing that now. PE Gold at 1284, may retest support at 1275. The Bullish momentum remains intact, but Southside action cannot be fully dismissed. In case a […]

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: Gold is overbought and need a pause to refresh before it’s next leg up. PE Gold at 1294 is overbought and needs a pause before attempting higher marks, 1297 was marked Tuesday. Now a break above 1300 is needed before 1350-68 can be […]

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: Am doubtful about the sustainability of Gold, sans a deeper decline in USD.PE Gold at 1284, the max Northside seen in here is 1300, if Gold cannot hold its ground above 1275 then it could fall towards Key support at 1245-49, which […]

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 1281 closed on the high of the day and may test the resistance zone of 1292-1300 this week if the Bullish momentum continues, though the chances of Southside action cannot be negated due to the overbought condition. In […]

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 1262.97 is struggling near resistance at 1275-85, but the Bears need a break below 1255-50 to confirm a decline towards 1230. Silver at 17.20 resolved the contraction phase to the Southside, but the support of 17.00 is holding […]

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 1270.00 has risen to test the resistance area at 1275-85. The price action here will determine by the next week if a major Bearish reversal is seen from the current levels or another rally to 1295-1300 before a […]

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: Overall mostly all commodities look Bearish near term and could move lower in the next few sessions.PE Gold at 1259.74 may fall in the near term, as resistance near 1275-1280 looks to be holding well now. A fall towards 1240 or lower to […]

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 1256, and if 1249 holds on a closing basis then sideways consolidation within 1249-1280 will continue. So, keep a close watch on the price action in The US Dollar (.DXY) Index, which could give us a cue on […]

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: The US Dollar (.DXY) Index at 96.78 is still on course towards 96 with no sign of strength yet. PE Gold at 1252 did not above 1260, and fell towards its Key support of 1249, which could be a level where the price […]

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: The US Dollar (.DXY) Index at 96.78 is on course towards 96 with no sign of strength yet. Bullion strengthened against USD Monday. PE Gold at 1262, and Silver at 17.16 are trading above their Key supports at 1247 and 16.93 and trading […]

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 1251, and if 1249 holds on a closing basis then sideways consolidation within 1249-1280 continues though it is not the proffered scenario. Keep a close watch on The US Dollar (.DXY) Index’s price currently at 97.22, that […]

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: Keep eyes on The US Dollar (.DXY) Index for clues on precious metals directions. PE Gold at 1259 is trading at its Wednesday’s highs in Asia with 1st support at 1249. If 1249 holds on a closing basis then see  sideways consolidation […]

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: Gold has shown some strength due to the recent weakness in The Dollar (.DXY) Index. PE Gold at 1242 up from 1231 and could drive towards 1250-60 in here. Silver at 16.87 bounced from support near 16.10 and could hang in above 16.90 near […]

Gold, Copper and Crude Oil Looking to Test Resistances

Gold, Copper and Crude Oil Looking to Test Resistances

Gold, Copper and Crude Oil Looking to Test Resistances $GLD, $CU, $USO, $OIL Commentary: Recent weakness in The US Dollar (.DXY) Index had boosted Gold price near Key resistance areas. PE Gold at 1234 is trading above its support at 1230. I remain Bearish Gold while it is trading below 1260, but chances of a […]

Gold, Copper and Crude Oil Looking to Test Resistances

Gold, Copper and Crude Oil Looking to Test Resistances

Gold, Copper and Crude Oil Looking to Test Resistances $GLD, $CU, $USO, $OIL Last week saw Gold at 1229, as it traded within the 1220-31 range. If the rise continues may see a test at 1255-65 this week. A failure to break above 1265 may keep the price ranged within the 1220-1265. A close below […]

Gold, Copper and Crude Oil Up on OPEC Talk

Gold, Copper and Crude Oil Up on OPEC Talk

Gold, Copper and Crude Oil Up on OPEC Talk $GLD, $CU, $USO, $OIL Gold getting up off the floor, following Copper North, as OPEC rhetoric keeps the Crude Oil Bounce Up Crude Oil Crude oil continued to rally overnight, after being hammered last week. I see it a case of hope and not a turn […]

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Nothing new: PE DJIA at 20943.11,-0.16% came off as expected and could test to 20780 near term before bouncing. A test of higher marks near 21000 may be delayed a bit. DAX at 12757.46, +0.07% is set to test 13000 […]

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Nothing new: PE DJIA at 20975.78, -0.17% tested 21050 on the Northside before coming off. Some profit taking is possible in the 21050-21100 area now with a possible extension of the current run towards 21200. Some corrective dip is preferred […]

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Overall globally stocks are mixed. China looks negative, Europe and US looks potentially Bullish. Japanese and Indian stocks could remain ranged near term. PE DJIA at 21012.28, +0.03% is stable, trying to move North towards 21050-21100 in the next […]

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Emmanuel Macron wins the final round of the French elections to become the youngest President, winning by a fair margin of 66% to 34% against Marine Le Pen, as per the results released Sunday night.PE DAX at 12716.89, +0.55% make […]

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Nothing new. PE DJIA at 20951.47, -0.03% finished lower and lack of any directional momentum now keep the price stable. While trading below 21000, we could expect a test of 20800-20600 before starting to rise again. DAX at 12647.78, […]

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary:  The stock markets are stable and no real impact is seen after the FOMC Wednesday as it kept rates unchanged and reiterated its maintenance of the existing policy. PE DJIA at 20957.90, +0.04% is seeing difficulty to move above […]

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary:  The Japanese markets are closed, and all other major markets are trading very quietly, mostly waiting for the FOMC comments due this afternoon and the 2nd round of the French Presidential election Sunday. PE DJIA at 20949.89, +0.17% stuck […]

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary:  Almost all stocks are stable and could consolidate in here. Resistances are seen just above current marks, a pullback is possible in here: PE DJIA at 20981.33, +0.03% stable Thursday, is not attempting to rise above 21000 yet, target […]

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: The tax plan released by US President Trump Wednesday proposed to slash business taxes. It proposed to cut income tax rate from 39.6% to 35%, reduce corporate tax from 35% to 15% and to reduce the 7 tax brackets […]

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: The US markets are up ahead of the tax reform statement from US President Trump Wednesday. PE DJIA at 20996.12, +1.12% looks Bullish and could see 21200 near term. DAX at 12467.04, +0.10% holding above 12390, but is close […]

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Results of the 1st round of French elections brought in hopes to the investors throughout the world except China. Mr. Macron would face off with Ms. Le Pen for the 2nd round on 7 May, but stocks could see […]

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: DJIA loing to open up significantly, as The Trump Rally extends. PE DJIA at 20547.76, -0.15% sees 1st support near 20370-20350, which could be tested in the coming sessions. Thereafter a rise back towards 20600-20700 is possible in the longer run. […]

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing

Key Stock Indexes, Crude, Gold & Silver Markets Briefing $DIA, $GLD, $SLV, $OIL, $USO, $CU Commentary: Almost all major indices have bounced from 1st support marks and may move further North near term.PE DJIA at 20578.71, +0.85% bounced from support near 20400, a rise towards 20700 is seen near term. DAX at 12027.32, +0.09% up from […]