Gold, Silver, Copper and Crude Oil Briefing
$GLD, $SLV, $CU, $USO, $OIL
Commentary: Nothing new. PE
Gold at 1283.51 if the precious Yellow metal falls below 1275-1270 could open a test to 1250/40, but now seeing some neutral movement near current marks.
ICE Brent Crude at 74.99, and NYMEX WTI Crude at 65.99 both recovered a bit from their recent falls. WTI may head to 67, Brent could test at 77 yet this week.
Copper 3.1170 has dipped from 3.13 seen Monday. Looking at the Bearishness in Shanghai and AUD, Copper could also move down near to medium term. A break below 3.10 could to 3.07-3.05 in here.
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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.