Gold, Silver, Copper and Crude Oil Briefing
$GLD, $SLV, $CU, $USO, $OIL
ICE Brent Crude at 79.36 and Nymex WTI Crude at 72.51 are stable. WTI Crude’s 1st resistance is at 73 which could push the price down to 71 near term. ICE Brent Crude looks to have some room on the Northside at 81-82. But if the WTI Crude comes off ICE Brent Crude will be limited.
Gold at 1289.90 should bounce from 1280-1275 to 1310. A break below 1275 now looks unlikely.
Silver at 16.50 may rise to 16.75 in here. Ranged trade within 16.00-16.75 seen for the Devil’s metal near term with extension to 17.25 maybe.
Copper at 3.0920 is up from 3.0850 marked Monday. Copper may rise to 3.12-3.15 in here before coming off again. Near term see the Red metal ranged within 3.07-3.15.