Gold, Silver, Copper and Crude Oil Briefing
$GLD, $SLV, $CU, $USO, $OIL
Commentary: Sentiment higher for Gold and Silver on soft USD. PE
Gold at 1291.37 is trading higher but could be ranged within 1270-1300 for a few more days before moving above 1300 to test 1320/25, as 1st resistance is seen near 1300-1305, which is likely to hold in here.
Brent Crude at 62.56 may move up towards 64-65, while above major support at 61.
WTI Crude Oil at 56.76 bounced as expected and could target 58-59, which is major resistance. Near term looks Bullish to me.
Copper at 3.0505 may face rejection near 3.10 and could come off to 3.00-2.95. Near term looks Bearish to me.
Have a terrific week.
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