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.