Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

$GLD, $SLV, $CU, $USO, $OIL

Commentary: Safe-havens still not quite out of focus. PE

Brent Crude at 68.99, tested 67 and bounced, if the rise continues, it may head back to 70-71 near term.

WTI Crude Oil at 63.85 also bounced from suppor. It could move higher to 65. Near term looks Bullish to me.

Gold at 1334.22 is ranged within 1320-1350, and is likely to remain stable in here. No major movement expected this week.

Copper at 3.099 has risen in the last 2 of sessions and is trading just below resistance at 3.10. If 3.10 holds, Copper could come off to 3.05-3.00, or a break above 3.10 could take it to 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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