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: Still seeing weakness across the board in commodities driving down Crude Oil prices. PE

ICE Brent Crude at 78.37 is stable and unable to decide which direction in here. North is limited to 80-81 and will hold for now. A test at 79-80 near term, followed by a fall towards 77-76 medium term.

NYMEX WTI at 74.01 trading below 1st resistance 75.0-75.50, while that holds, see price coming off to 72 and lower medium term.

Gold at 1260.40, +0.06% is trying to move up. The Northside could be limited to 1270/80 near term. Price looks Bullish to 1280 now.

Copper at 2.8695 is up 2.8610 marked Monday. 1st resistance is seen at 2.90, while that holds seeing another dip. In case the price of thee Red metal rises above 2.90/95, a medium term move North could happen.

Stay tuned..

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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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