$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.
Latest posts by Paul Ebeling (see all)
- Sotheby’s (NYSE:BID) Hold 1st Sale Dedicated to Gold - October 22, 2018
- President Trump Sees a 10% Tax Cut for Middle-income Americans - October 22, 2018
- President Trump: “Migrant Caravans a National Emergency” - October 22, 2018