Gold, Silver, Copper and Crude Oil Briefing
$USO, $OIL, $GLD, $SLV, $CU
Commentary: Not much strength is seen in the commodities in here. Crude Oil and Gold prices look Bearish, while Copper could remain ranged now. PE
NYMEX WTI Crude at 68.80 and ICE Brent Crude 73.91 have risen from supports, and while they hold, the prices may move higher near to medium term. WTI Crude could head to 70-71 while Brent Crude may also rise to 75-76 soon.
Gold at 1225.10 is ranged within 1210-1240, while price remains below 1240, there is room to test 1200. A clear break above 1240 is required for the precious Yellow metal’s price to move to 1270/80 longer turn.
Copper at 2.8115 could now see a rise to 2.90-2.95, and while trading above 2.70, the Red metal looks Bullish long term.
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