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: Gold and Copper looks Bullish in here, while the Crude Oil prices could remain stuck in some narrow and small movements in the next few sessions. PE

Gold at 1261.60 moved up some, and looks Bullish towards 1270-1280 near to medium term, 1st resistance is seen at 1280.

Brent Crude at 63.52, and WTI Crude Oil at 57.39 are stable. Targets of 58.0-58.5 for WTI Crude Oil, and 65-66 for Brent Crude, a small dip could be seen followed by a sharp rise laterer.

Copper at 3.1275 is likely to come off from 3.15 to test to 3.05-3.00 again. Failure to come off from there just now would drive it to 3.20, that looks less likely right now.

Stay tuned…

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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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