$USO, $OIL, $GLD, $SLV, $CU
Commentary: Nothing new. PE
ICE Brent Crude at 73.36 and NYMEX WTI Crude at 68.95 bounced supports, and they could start moving up medium term towards 78 and 72 in here.
Gold at 1216.20 came off and can test to 1200 next week. Then a bounce from 1200 is seen.
Copper 2.7240 looks headed South to 2.70, support at 2.65-2.70 may hold in here, pushing the Red metal’s prices higher. A break clear break below 2.65 make it vulnerable to fall long term.
Have a terrific weekend
Latest posts by Paul Ebeling (see all)
- Saudi’s PIF in Talks to Invest in Tesla Rival, Lucid - August 20, 2018
- Commentary: Paul Ebeling on Wall Street - August 20, 2018
- Morning Briefing: Major World Equities Market Indexes - August 20, 2018