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 1298.32 bounced from support on the 3-Day’s. While that holds, Gold may move to 1310-1315 in the coming sessions thus limiting the Southside at 1280.

ICE Brent Crude at 77.51 up from a bit, while NYMEX WTI Crude at 66.94 is off sharply from 68.10 seen Thursday. WTI Crude seeing 1st support 66, if it holds could drive the price up a bit, while Brent Crude is stable inhere and could be ranged within 77-79 for now.

Copper at 3.0616 is stable in here. While the Red metal trades above 3.02, it could rise to 3.20 medium term.

Have a terrific 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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