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:  Not much strength is seen in the commodities in here. Crude Oil and Gold prices look Bearish, while Copper could remain ranged now. PE

NYMEX WTI Crude at 67.66,-0.34% dipped and has room to 66-65, while ICE Brent Crude at 72.77, -0.36% could also be pushed to 71 to test 1st supports before resuming the up trend.

Gold at 1223.20, -0.20% tested to 1220. While trading below 1240, there is room to 1200 in here. Near term could be Bearish to Neutral within 1200-1240.

Copper 2.7590, +0.46%  is not able to rise above 2.80 now and could remain ranged in the 2.80-2.65 for some time

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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