Gold, Silver, Copper and Crude Oil Briefing
$USO, $OIL, $GLD, $SLV, $CU
Commentary: Nothing new. PE
NYMEX WTI Crude at 70.14, +0.01%, and ICE Brent Crude at 75.44, +0.63% bounced from support on the longer term charts and now look Bullish medium term. ICE Brent Crude could move to 78, NYMEX WTI Crude to 72.
Gold at 1229.920, -0.13% is ranged and looks to continue for a while before we see direction. We wait, we see.
Copper at 2.7925, +0.02%, and now see a dip to 2.70 before a move again to 2.90 longer run.
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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.