Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

Gold, Copper and Crude Oil Briefing

$GLD, $CU, $USO, $OIL

Commentary: Tuesday, US President Donald Trump  announced his decision to quit the Iran nuclear deal. PE

Brent Crude at 76.69 trades higher after testing intra-day lows of 73.10 Tuesday.

WTI Crude Oil at 70.63 is up from 67.64.

Note: While the rising momentum is strong Brent Crude could see 78 near term, while WTI Crude Oil could head towards 71-72, but there are 1st resistances just above current marks and we could soon see prices fade early next week.

Gold at 1310.81 is down on lack of Bull strength, the price could move down to test 1300 or even 1280 near to medium term.

Copper at 3.056 may test 3.0 in here. Near term looks Bearish to me.

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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