Gold, Copper and Crude Oil Briefing
$GLD, $CU, $USO, $OIL
Commentary: Crude Oil looks stable in here.PE
Note: Crude Oil trades higher as the 12 May deadline for Iran sanctions nears.
Brent Crude at 75.22 to test the prior high at 75.60 and looks Bullish in here. Brent Crude could continue to move up to make fresh highs in the current rally this week.
WTI Crude Oil at 70.18 is up, and could head to 71-72 soon. Near term looks Bullish to me.
Note: 72 is a major resistance which may hold medium term.
Gold at 1317.66 is ranged within 1310-1325, and not able to decide which direction. While the precious Yellow metal price remains above 1300-1310, a rise to 1350 is possible.
Copper at 3.0834 will trade sideways within 3.05-3.15 for the coming sessions.
Have a terrific week.
Latest posts by Paul Ebeling (see all)
- US Household Net Worth Climbs to $113.8-T on Real Estate - December 12, 2019
- President Trump Signs Off on Trade Deal With China, Wall Street Marks Fresh Record Highs - December 12, 2019
- Support Your GI Tract from Top to Bottom - December 12, 2019