Crude Oil and Gold Briefing
$USO, $OIL, $GLD
Brent Crude at 79.39, and WTI Crude Oil at 71.76 have moved up and could test at 80 and 73 respectively over the next couple of sessions, as 80 is seen as resistance for Brent Crude on the daily, and 73 is seen as resistance for WTI Crude Oil on the 3-Days.
Note: We do not expect these resistances to be breached near term. Instead see respect for and a dip from those marks.
Gold at 1292.73 is testing major support on the 3-Days and Weeklies in here, and could bounce near term to 1320.