Gold, Copper and Crude Oil Briefing
$GLD, $CU, $USO, $OIL
Brent Crude at 78.28, and WTI Crude Oil at 70.97 trading a bit higher Tuesday. WTI Crude Oilcould test support near 70 this week, while Brent Crude is likely to move to 80 medium term. Both benchmark Crude Oil prices look Bullish in here.
Gold at 1313.80 is ranged within 1320-1300, and is likely to remain there for a while. Lack of Bull strength may keep the precious Yellow metal neutral in here, but a clear break below 1300 medium term opens a test to 1280.
Copper at 3.0875 is ranged within 3.05-3.15. The Red metal’s price is likely to trade in this zone for some more time.
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