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.