Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

 

Gold, Copper and Crude Oil Briefing

$GLD, $CU, $USO, $OIL

Brent Crude at 76.75, and WTI Crude Oil at 70.47 have paused to refresh after the sharp rise seen in the last few sessions.

WTI Crude Oil could test support at 69.5-70.0 before again trying to move up again.

Brent Crude could come off to 76.0-75.50 near term.

Note: A couple of sessions of consolidation or a sharp fall is likely in here.

Gold at 1320.70 may come out of its range within 1320-1300. If Gold’s price break above 1320, there could room to rise to 1330 or higher or a fall to 1300 and lower to 1280 looks likely.

Copper at 3.1155, +0.13% has room on the Northside to 3.16 from there a dip to 3.07-3.05 is possible.

Have a terrific week

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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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