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 back in focus. PE

Note: Crude Oil prices surging during the past 2-sessions due to the US-Syria worries and it further boosted Black Gold prices as news of missile strikes on Saudi Arabia were announced..

Brent Crude at 72.39, and WTI Crude Oil at 67.23 rose sharply on news of strike on Saudi Arabia.

WTI Crude Oil sees 1st resistance at 68, and Brent Crude could face some rejection at 73. A short dip to 71-70 could be seen, that is the interim support area.

Gold at 1353.60 tested to 1370 on the Northside before closing at 1350+. A break above 1360 if seen and it holds could trigger more Northside medium term.

Copper at 3.1005 dipped some, but could eventually move higher near term.

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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