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.
Latest posts by Paul Ebeling (see all)
- F1: Ferrari’s (NYSE:RACE) Team Debuts its new SF1000 Racecar with Operatic Flair - February 17, 2020
- The Common Causes of Back Pain - February 17, 2020
- More Arctic Air Blasting into US This Week - February 17, 2020