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 Crude at 68.10, -0.21%, and ICE Brent Crude at 72.56, -0.03% are hanging just above important support. Brent Crude could spend some time ranged within 74-71. WTI Crude has room on the Southside to 66.0-65.50,which is likely to hold medium term.

Gold at 1217.70, -0.51% looks weak in here, and could fall to 1200 and lower next week.

Copper (at 2.6995, +0.15% broke below 1st support near 2.70. Southside targets of 2.60-2.55 may occur medium term.

Have a terrific weekend

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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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