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 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.

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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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