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: Gold is still ranged. PE

Gold at 1295.06 is still ranged in here, while it trades below 1300, the precious Yellow could fall to 1290-1285 near term.

Copper at 3.2284 trades lower, the Red metal price could dip to 3.20 and pause. Then a rise from 3.20 is possible medium term.

ICE Brent Crude 75.67, and NYMEX WTI Crude at 65.99 dipped and are trading lower now.

ICE Brent Crude could get support at 75, a clear break South could make it vulnerable to 74.0-73.5 before a bouncing.

NYMEX WTI Crude is trying to move above 66.50-67.00, and if happens, could turn Bullish in here.

Stay tuned…

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.

You must be logged in to post comments :  
CONNECT WITH