Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

$GLD, $CU, $USO, $OIL

Commentary: US President Donald Trump Tweeted Monday announcing his decision on Iran will come at 2:00p EDT Tuesday, the market awaits the announcement. PE

Brent Crude at 75.52 dipped from 76.34, while WTI Crude Oil at 69.98 is down from 70.83. Both are down from 1st resistances on the daily lines, and while they hold, there could be some move to 75 and 69 respectively.

Gold at 1313.90 may face rejection from 1320-1325, then a fall to 1300 is possible. Near term looks Neutral to Bearish. A break above 1325 open the re-testing at 1350 medium term.

Copper at 3.0825 looks ranged within 3.00-3.15 region.

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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