Gold, Silver, Copper and Crude Oil Briefing
$USO, $OIL, $GLD, $SLV, $CU
Commentary: Nothing new. PE
NYMEX WTI Crude at 68.10, -0.23% has room in the Southside to 65 and if the price falls, it likely drags ICE Brent Crude 72.85, -0.30% lower levels in here.
Note: 70-71 is important support for ICE Brent Crude and is likely to hold medium term.
Gold at 1231.90, +0.06% bounced from 1210, but could face resistance at 1240. If rejection happens at 1240, Gold could continue Bearish near term with the scope to testing 1200 medium term. But, a rise above 1240 in this the current rally would be Bullish the precious Yellow metal longer term.
Copper at 2.7465, -0.34% is ranged within the 2.68-2.80 region and a break on either side is needed confirm direction. A break above 2.80 opens up 2.95-3.00 again.
Have a terrific week.