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 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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