$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)
- Travel, It is Never Too Late, You are Never Too Old - December 13, 2018
- Staying Healthy in Winter - December 13, 2018
- US Congress Quietly Passed a Law that Likely Signals a ‘Boom’ for the $1-B Cannabis-based CBD Industry - December 12, 2018