$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.
Latest posts by Paul Ebeling (see all)
- F1: US Grand Prix, Hamilton Takes the Pole Ahead of Ferrari’s Sebastian Vettel - October 20, 2018
- Vintage Ferrari’s (NYSE:RACE) Are the Most Expensive in the World - October 20, 2018
- Protect Your Wealth in a Choppy Market - October 20, 2018