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 73.83 trade near Key marks, and there is important resistance 74 which is likely to keep the prices stable drive them down 72. Near term neutral to Very Bearish.

WTI at 68.37 seeing resistance 69, down from 70, that should hold in here, the Northside is limited at 69 now.

Gold at 1344.71 is ranged within 1340-1370 near term. 1340 is the near term support, while 1370 is an important resistance mark which the precious Yellow metal is finding difficult to break so far. Some sideways consolidation is seen into mid next week.

Copper at 3.1320 sees 1st resistance 3.15-3.17, while that holds, the Red metal is likely to come off towards 3.10-3.07 near term. A clear break above 3.15-3.17 is needed to move to 3.20/25.

Have a terrific weekend

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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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