Gold, Silver, Copper and Crude Oil Briefing
$GLD, $SLV, $CU, $USO, $OIL
Commentary: Nothing new. PE
Gold at 1299.10 looks stable in here, but there is possibility of the precious Yellow metal’s price testing to 1280. A clear break below 1280 would be Bearish Gold medium term opening up a move South to 1260-1250. For now Gold looks ranged within 1280-1310.
NYMEX WTI Crude at 66.48 seeing 1st support at 65.70. While it holds, WTI’s price could bounce to 68-69 in here. A clear break below 65.60 sees the price fall to 64 or lower.
ICE Brent Crude at 74.91 seeing 1st support 74.50 which may hold here, if not Brent Crude could test to 73.50-73.70 and lower.
Gold at 1299.10 looks stable in here, but there is possibility of the precious Yellow metal’s price testing to 1280. A clear break below 1280 would be Bearish Gold medium term opening up a move South to 1260-1250. For now Gold looks ranged within 1280-1310.
Copper at 3.0520 trades lower and looks Bearish to 3.02. Watch the Red metal’s price action near 3.02; if it fails to bounce from 3.02, it could see 3.00-2.95 medium term.
Stay tuned…
Gold, Silver, Copper and Crude Oil Briefing added by Paul Ebeling on
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Paul Ebeling
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