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

NYMEX WTI at 68.81 is up from 67, while the price trades higher, it can test at 72. But, a fall from 70 open the way to 66-65 medium term. For now while above 67, price might move higher.

ICE Brent Crude at 72.83, -0.10% held support 71. Be cautious to see if Brent Crude moves up to 75 or comes back to test 70-69.

Gold at 1224.40, -0.29% is headed South to 1200 medium term before a bounce. Near to medium term the precious Yellow metal looks Bearish to me.

Copper at 2.7585, -0.0505% is ranged within 2.80-2.70 this week. While support at 2.70 hold the Red metal could move up some time soon.

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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