Gold, Copper and Crude Oil Briefing
$GLD, $CU, $USO, $OIL
Commentary: Nothing new. PE
Brent Crude seeing resistance at 73.87, as seen on the 3-day candle. If that holds, the precious Yellow metal could test to 72-71.
WTI Crude Oil at 67.67 tested resistance on the daily candle, while that holds the price comes off to 66 or remains ranged within 67-70 for some time to come.
Gold at 1330.80 look like it is capped at 1340/50 with chances of a fall to 1320-1300 in here. A break above 1350 does not look likely near term.
Copper at 3.1375 is trading above 3.1250, the resistance at 3.20 is holding well, while that holds, a fall towards 3.10-3.05 looks likely medium term. There is some room for the Red metal to move up to 3.17-3.20, after that a correction.
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