Gold, Silver, Copper and Crude Oil Briefing
$GLD, $SLV, $CU, $USO, $OIL
Commentary: Safe-havens in focus but fading some. PE
Brent Crude at 71.79, and WTI Crude Oil at 66.86 are down Friday. Looks like a stable retrace after the recent run. Overall 68 on WTI Crude Oil and 74 on Brent Crude to be tested, and may hold for a while.
Gold at 1342.90 is down again Friday, and while resistance at 1360/70 holds, it will not be easy for Gold to break above 1370. The price may continue to trade within 1320-1370 range for now.
Copper at 3.0680 fell sharply from 3.15. Some stability may be seen the Red metal’s price for 3 or more trading sessions.
Have a terrific weekend.
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