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: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

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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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