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