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.
Latest posts by Paul Ebeling (see all)
- Stock Traders Bet Fed Will Cut Rates - October 20, 2019
- Mexico Is Paying for President Trump’s Wall (in Part) - October 20, 2019
- The 5 Safest Cities in the World - October 13, 2019