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 68.35)could bounce from support at 68. There is little support below 68.

ICE Brent Crude at 73.89 came off from 76 and continues to lower. A test of support at 72.50 is possible now.

Note: Both the Crude Oil prices move up again, or could move lower in here. Wait to see.

Gold at 1231.30 is moving up, and a mover to 1240-1260 is possible in here.

Copper at 2.8050 can move to 2.90 then dip. The range trade will continue for the rest of this this week.

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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