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