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 1299.57 is trading a channel, it could rise to 1310-1320 this week. But we cannot rule out a fall to 1300 or lower near to medium term.
NYMEX WTI Crude at 65.73 seen below 67 now. Only a clear break break above 67 can it rise to 69-70. l
ICE Brent Crude at 76.55 sees near term resistance at 78, if it breaks above 78, there is room to mark 80, but on a below 76 will see 74 and then maybe a bounce.
Copper at 3.2824 may correct after rising to 3.30 from 3.05 in the past week. A fall to 3.25-3.20 is possible, and then the Red metal’s price may again move North
Have a terrific week.