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 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.

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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