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 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.

The following two tabs change content below.

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.

You must be logged in to post comments :  
CONNECT WITH