Crude Oil and Gold Briefing

Crude Oil and Gold Briefing

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.

Stay tuned…

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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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