Gold, Silver, Copper and Crude Oil Briefing
$USO, $OIL, $GLD, $SLV, $CU
Commentary:Commodities may pause in here. Copper, Gold and Silver are likely to come off in the medium term, and Crude prices are weak. PE
ICE Brent Crude at 74.17, -0.38% has some support in here, and could bounce over the next few sessions targeting 77 near term.
NYMEX WTI at 70.34, +0.01% is stable now. Seeing a move to 67-66 after as little bounce then Black Gold fall further. Near to medium term WTI Crude looks Bearish to me.
Gold at 1247.10, +0.04% is ranged within 1260-1240. And see trade within the range into next week + before the precious Yellow metal tries to move to 1270/80.
Copper at 2.7860, +0.32% may come off near term to 2.70 which is important support now.
Have a terrific week
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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.