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: Nothing new. PE

Brent Crude at 73.94 has some chances of moving higher to 75-76 which is important resistance. A fall seen then targeting 72-71 medium term.

WTI Crude Oil at 68.19 has room to move to 69.0-69.5 in the next 3-4 sessions before falling sharply.

Gold at 1336 traded below 1340 after a week, and if the price remain below 1340, Gold could fall towards 1320-1300 in here.

Copper at 3.1485 sees resistance at 3.20-3.22, if it holds could push the prices down to 3.10 or lower. The price may trade within 3.22-3.13 for sometime before a dip towards 3.10 or lower is seen long term.

Have a terrific week

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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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