Gold, Silver, Copper and Crude Oil Briefing
$USO, $OIL, $GLD, $SLV, $CU
Commentary: Crude Oil bouncing near to medium term on Iraq production issues. PE
Crude Oil prices have risen sharply against expectations
ICE Brent Crude at 76.53, and NYMEX WTI Crude at 70.74 moved up and may continue to rise to 80 and 72 respectively then see a dip. Near term looks Bullish in here
Gold at 1256.40 dipped in line with my expectation and may test to 1240 before stopping. Near term looks Bearish to me.
Copper at 2.9780 has major support at 2.90/95, which could push up the price near term.
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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.