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 72.25, +0.57% below support at 73 and now targets 70. The sharp fall in Crude Oil prices came in after comments from US Treasury Secretary Steven Mnuchin stated that the administration will consider the use of waivers for countries to continue buying Iranian Supplies.

NYMEX WTI Crude at 68.09, +0.04% fell and is headed to support at 66-65, then a bounde?

Gold at 1240.80, +0.09% is ranged and is unable to decide on direction. If Gold falls below 1240, the target is support at 1230-1225 medium term. We will wait and see.

Copper at 2.7870, +0.81% is trading above 1st support at 2.70, while that holds, the Red metal could target 2.85 in here.

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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