Gold, Silver, Copper and Crude Oil Briefing
$GLD, $SLV, $CU, $USO, $OIL
Commentary: Safe-havens still in focus and holding. PE
Brent Crude at 71.66 is down from 74, seeing Brent Crude to 70 in here.
WTI Crude Oil at 66.52 has come off from resistance near 68 while that sustains, a fall to 65-64 looks imminent.
Gold at 1349.30 seeing resistance at 1370, as I see it the precious Yellow metal could well break above 1370 this month to 1380-1400. Medium term Gold looks Bullish to me.
Copper at 3.0985 seen to re-test 3.15 before coming off again, as 3.15 is major near term resistance for Copper and will likely to hold medium term.
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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.