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 69.55 can test at 71-72 before comes off medium term. We wait, we watch for now.

ICE Brent Crude at 74.40 has bee moving up fro support at 71, while that holds the price may target 76 soon. Then a dip and a move to 78-79 could happen.

Gold at 1223.50) came off from a move to test at 1240, while the price of the precious Yellow metal remains below 1240, chances of a test of 1200- is on the cards. For now Gold is ranged within 1200-1240 for some more time to come

Copper at 2.8240 is testing 1st support, if that holds, the Red metal could move up to 2.85+. Failure to break 2.85 bring on move to 2.75 or lower next week.

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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