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: Noting new. PE

Brent-WTI spread could come off to test support at 5.3-5.0 in the coming sessions before bouncing back to 6 or higher in the long run. Near term looks Bearish to me..

Gold-WTI at 20.66 has broken below the support at 22 and could be headed to 19 soon. Near term looks Bearish to me.

Gold at 1311.48 has come off from 1325-1330, and may delay the test at 1350. This dip could extend to 1300 on the Southside before rising back above 1330.

Copper at 3.2300 is stable and could test 3.20 or lower in the coming sessions. Near term looks neutral to Bearish to me..

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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