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: The sector is looking for stimulation in here. PE

Gold at 1302.14 trading higher with a move to 1310 seen. If that does not hold, it may break to and below 1290-1280 medium term.

ICE Brent Crude at 78.67 is headed to 78, and may test to 77.

WTI Crude at 70.60 has fallen below trendline support at 71 and may test the psych mark at 70, break that and then see 67 ahead, the rally will be over.

Note: News that Russia and Saudi Arabia are talking hiking their output is credited with weakness.

Copper at 3.0905 is ranged within 3.05-15. Which way the Red metal it breaks is not clear.

Silver at 16.63 is trading sideways, and stable for now this is the place.

Have a terrific Memorial Day 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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