Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

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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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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