Gold, Silver, Copper and Crude Oil Briefing
$USO, $OIL, $GLD, $SLV, $CU
Commentary:Nothing new. PE
ICE Brent Crude at 74.84, -0.65% bounced from support, while that holds, Brent Crude is Bullish to 78-79 near term.
NYMEX WTI Crude at 70.60, -0.58% has room on the Southside but may come 73 on a rise in Brent Crude, may not too.
Gold at 1242.40, +0.10% is trading near major support at 1240. While that holds, the price could be ranges in here for some time before moving higher medium to longer term. A clear break below 1240 make the precious Yellow metal vulnerable to a test to 1230-1225.
Copper at 2.7795, +0.14% sees 1st resistance 2.875-2.900 and if that holds, the price of the Red metal could fall to 2.80 or lower near term. A clear break above 2.90 is needed for Copper to pick up North momentum near to medium term.
Have a terrific week