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: Seeing weakness across the board in commodities now. PE

ICE Brent Crude at 77.83 is holding below resistance at 80, while that holds, a dip to 76, and then a attempt 78+.

NYMEX WTI Crude at 74.55 is also holding below important resistance. WTI Crude may trade sideways above 70 and then to move North. Position is Neutral in here.

Gold at 1240.30 may find support 1235-1230, which could produce a bounce to 1250-1255. The price looks weak in here, on a break below 1235/30, then see 1225.

Copper at 2.9325 could get some support here, if holds could produce a bounce back to 3.00-3.05. Wait and Watch.

Have a terrific 4th of July.

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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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