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 1296.55 continues stable. A dip to 1285 is expected.

Copper at 3.2588 trades below 3.30 after a move to 3.3130. Now, see a fall to 3.20. Near term the Red metal looks Bearish to me.

NYMEX WTI Crude at 66.07 may test 67 in here, Southside could hold at 64 now. Expect trade within the 67-64 range, then a break North or South to determine direction.

ICE Brent Crude at 77.28 moved up.

WTI and Brent Crudes will have to break above 67 and 78 to turn Bullish medium term, or there will be more dips in the coming

Have a terrific weekend

The following two tabs change content below.

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.

Latest posts by Paul Ebeling (see all)

You must be logged in to post comments :  
CONNECT WITH