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

Gold at 1302.39 is stable and ranged within 1290-1310 for the next 2 days. Then a break above 1310 could bring on Bullishness, or the precious Yellow metal price could re-test 1300 or lower.

ICE Brent Crude at 77.28 held above the support at 74.50 and bounced and NYMEX WTI Crude at 68.10 moved up too. ICE Brent Crude may target 80, and NYMEX WTI Crude could pause at 69 and resolve direction.

Copper at 3.0652 moved up, the Red metal sees ranged movement then to 3.10-3.12. In case the China stock index falls sharply near term, it may bring on a fall in Copper as well and then to 3.02. Watch Copper prices this week.

Stay tuned…

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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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