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 in focus and holding. PE

Brent Crude at 71.93, and WTI Crude Oil at 66.86 could spend some time consolidating below the major resistances of 74 and 68 respectively.

Note: WTI Crude Oil could re-test at 68, and remain stable there.

Gold at 1346.70 looks stable in here, as 1340 is near term support on the 3-Day lines and while that holds, Gold could test at 1370/80 yet this week or early next.

Copper at 3.0840 to trade within the 3.05-3.15 zone in here, the resistance is seen at  3.15 while 3.0 is long term support.

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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