Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

$GLD, $CU, $USO, $OIL

Commentary: The Asian and EU markets are open.PE

Note: Increasing US Crude Oil supplies are expected to cap market gainers.

Brent Crude at 73.22, and WTI Crude Oil at 67.50 are trading lower in here.

Brent Crude could get some support at 72.15, while that mark holds, another up leg in the price is likely. A break below 72.15-72.00 indicate a Top is in place, leading to some more declines medium term.

WTI Crude Oil has room to test 66 on the Southside, but could soon move up to 68 imedium term.

Gold at 1310 has been coming off and a fall to 1300 is coming this week or early next.

Copper at 3.0770 looks Bearish, while trading below 3.08 and may well move ot 3.00-2.90% in here. A break above 3.08 limits the Northside at 3.12-3.15.

Stay tuned…

 

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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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