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: Nothing new. PE

Gold at 1255.30 is stable now and is likely to trade within 1265-1250 for a couple of sessions. Near to medium term looks Bullish to me.

Brent Crude at 63.32, and WTI Crude Oil at 57.35 are stable at these marks. Thought WTI Crude Oil  could slightly to 58.0-58.5 before trying to breakout North. The movement has been in a contraction phase and a break above 59 on the Northside looks more likely now. Or a test to 56-55 is possible before a bounce. Brent Crude looks Bullish near to medium term and has enough room on the Northside to 65-66 levels.

Copper at 3.1205 moved up to test 1st resistance just above marks. While that holds, price could come off to 3.05-3.00 near term.

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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