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: OPEC to raise production by 500-K BPD, and while the markets wait for some decision from the OPEC meeting, Crude Oil prices may trade up a bit then down, President Trump want lower Crude Oil prices. PE

Gold at 1268.90, I am looking for a fall towards 1250-1240 medium term.

NYMEX WTI Crude at 66.39 moved up some, and could test 67.0-67.5 near term.

ICE Brent Crude at 73.92 is trading a a bit higher, and it has room to 75-76 now.

Copper at 3.0260 trading lower, so watch price action near 3.0. a break below 3, see the Red metal to 2.95-2.90, or else CU could bounce from 3 to 3.10+.

Have a terrific weekend

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