Gold, Silver, Copper and Crude Oil Briefing
$GLD, $SLV, $CU, $USO, $OIL
Brent Crude at 79.58 is trading higher, the Crude Oil Bulls look strong in here and could test 81then dip to 79.
WTI Crude Oil at 71.74 sees resistance 73 and push the price down to 70. But if it break North then 74-75 is a target.
The Brent-WTI spread at 7.97 broke above resistance at 7.50, so while the spread looks Bullish, Crude Oil prices may continue to move North.
Gold at 1288.10 is testing important near term support at 1275/80, and while that holds, a bounce to 1295-1300 may happen next week. But, if support at 1275 breaks, the precious Yellow metal could test to 1250. Watch Gold’s price at and around 1275 in here.
Silver at 16.43 is trading in a narrow range within 16 and 17, and a move of the Devil’s metal to 16.75 is possible next week.
Have a terrific weekend.