Gold, Copper and Crude Oil Briefing
$GLD, $CU, $USO, $OIL
Commentary: Nothing new. PE
Brent Crude at 74.42 is trading above 74 now, while resistance 76.0-76.5 holds, there could be a pause. A clear break above 76.50 open a test at 78, or baring that some consolidation followed by a dip next week.
WTI Crude Oil at 68.41 major near term support at 67, if it holds could drive the price to to 69.0-69.5. For now 69.50-67.0 could be the trading range for several more sessions.
Gold at 1325.20 could test to 1310 in here. Support 1310 is likely to keep the price stable medium term. Watch the precious Yellow metal’s price action at 1310. A break could open up 1290-1280 longer term.
Copper at 3.13 is stable within 3.18-3.12. While the price of the Red metal could remain so, the bias is on the Southside to 3.10 or lower.
Have a terrific weekend.
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