$GLD, $SLV, $CU, $USO, $OIL
Commentary: Safe-havens still in focus and holding. PE
Brent Crude at 73.77, and WTI Crude Oil at 68.72 rose and looks Bullish to 75-76 and 70 respectively. Thereafter, see a dip medium term.
Gold at 1351.90 is trying to move to 1370, but faces Key resistance there. A clear break above 1370 is needed for the precious Yellow metal to trigger a move to 1400 medium term.
Note: Watch Gold’s price action around 1370 closely.
Copper at 3.1570 rose Wednesday closing above 3.15, resistance now turned support for the coming sessions. While the Red metal trades above 3.15 it looks Bullish to 3.20 or higher to me.
Latest posts by Paul Ebeling (see all)
- President Trump, 2 Years in the Oval Office Reshaped America - January 20, 2019
- Total Lunar Eclipse Set to Wow Star Gazers - January 20, 2019
- Brewers Search for Growth, Eye Cannabis Infusions - January 20, 2019