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: Nothing new. PE

Gold at 1276.30 seeing 1st support on the 3-Day lines and candles. If it holds, may see a bounce towards 1300, barring that an indication of medium term Bearishness may be triggered on a fall below 1270, then a test to 1250-1240 sooner rather than later.

ICE Brent Crude at 75.30, and NYMEX WTI Crude at 65.09 are stable in here now.

Note: WTI Crude could be stable within 67-64, while Brent Crude is seen trading below resistance at 76.

Copper at 3.0455 has come off losing all the gains seen last week. 3.02-3.00 could be 1st support for a pause. Keep an eye on the falling Shanghai Index and AUD, as that could keep Copper weak in here.

Stay tuned…

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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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