Gold, Silver, Copper and Crude Oil Briefing
$GLD, $SLV, $CU, $USO, $OIL
Commentary: Nothing new. PE
Gold at 1293.36 is ranged within 1290-1310, and a rise above 1310 may signal medium term Bullish outlook. But, while trading below 1310, the prospect of seeing 1280-1270 is open.
ICE Brent Crude at 76.54 is falling, now see a test of 75.0-74.5. Near term looks Bearish to me.
NYMEX WTI Crude at 66.75 looks Bearish too. And sans a bounce in here, we could see a 64.00-63.75 near to medium term. A bounce from 65.50 on the other hand could take it back towards 67-68 medium term.
Copper at 3.1034 is ranged with 3.04-3.12. A break on either side is expected, a fall to 3.04 looks real in here on a break South.
Have a terrific week
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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.