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: Copper and Brent Crude are Bullish, while WTI Crude could see some pause near term. Gold is ranged. PE

Gold at 1297.15 is stable in here, ranged within 1300-1280 for now.

Copper at 3.2754 rose to 3.30 Wednesday. 3.30-3.35 our the near term target now.

NYMEX WTI Crude at 64.96 down, 66 is 1st resistance and Black Gold’s price holds below 66, it could seek 63.50-64.00 before struggling to move up again.

ICE Brent Crude at 75.67 is trading up a bit. A rise to 77 may happen while it trades above 74.

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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