Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

$USO, $OIL, $GLD, $SLV, $CU

Commentary: US President Trump has called on Saudi Arabia to raise production. PE

NYMEX WTI Crude at 73.22 is holding well in here, while that holds, the price will test to 72.

ICE Brent Crude at 78.19 could still have some room on the Northside to test 82 before the price come off.

Gold at 1252.40 is trading higher and has support at 1240. While the precious Yellow metal trades above 1240 it may stay ranged within 1270-1240 for some time before attempting higher marks in the future.

Copper at 2.9705 may try to move up near term, as it would be difficult to break the strong support at 2.90 lb.

Have a terrific week.

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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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