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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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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