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 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.

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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