$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.
Latest posts by Paul Ebeling (see all)
- The Street’s Key Stock Analysts Research Reports - February 21, 2019
- Asia: Gold, USD, Crude Oil, Stocks & Commodities - February 21, 2019
- Tesla’s (NASDAQ:TSLA) Elon Musk Tweeting Again, General Counsel Resigns - February 21, 2019