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 78.18, and WTI Crude Oil 71.05 are stable in here. WTI Crude Oil has support at 70.50 and could move up in here, while there is little room on the upside for Brent Crude. Brent Crude has Key resistance at 80, and could be ranged with in 80-76 this week.

Gold at 1293.40 broke below 1300 and can test to 1280 before pausing. Support is visible on the 3-Day candle and may hold medium term, then a bounce back to 1320 looks on the cards.

Copper at 3.06 is trading above support, while that holds, it could head to 3.15 near term.

Stay tuned…

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.