Gold, Silver, Copper and Crude Oil Briefing
$GLD, $SLV, $CU, $USO, $OIL
Commentary: Nothing new. PE
Gold at 1269.80 broke below 1270, while that holds, medium term view turns Bearish with possibilities of testing to 1250-1240 in the next week or 2.
ICE Brent Crude at 74.63 sees near term resistance at 76, and while it trades below 76, it could test 73-72 before attempting to bounce up.
NYMEX WTI at 65.69 may range within 64-67 near term. While it trades below 67, the price looks Bearish, and perhaps to 64.
Copper at 3.05 is trading down over the past week and may bounce or may not if the price fails to hold above 3, it could augur a test to 2.95-2.90 near to medium term.
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