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 ranged but may break out to the Northside. PE

Gold at 1302.10 moved above 1300. While the rise continues, Gold may break out to 1320-1325 near term.

ICE Brent Crude at 75.84 and NYMEX WTI Crude at 66.94 both dipped a bit and may hold for now. Brent Crude came off from 77 Thursday and may test to 75 in here. WTI Crude has Bullishness to 68.

Copper at 3.2094 bounced from 3.20 in line with my expectation, and the Red metal could move to 3.2250 and higher next week.

Have a terrific weekend.

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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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