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

Brent Crude at 70.03 is trading at Key resistance at 70 from where I expect a corrective dip to 69-68 near term. Price action near these marks is important, focus, keep an eye open.

WTI Crude Oil at 64.53 moved up and an should come off from 65 before  resuming its rise in longer term.

Gold at 1341.16 is stable near prior marks and could be headed to test at 1357, the high seen in September 2017 before a dip. Near term looks Bullish to me.

Copper at 3.2665 rose from 3.20, and may re-test resistance at 3.35 in here.

Come back daily for my analysis of the technicals on precious metals and Crude Oil.

Have a terrific week.

The following two tabs change content below.

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.

You must be logged in to post comments :  
CONNECT WITH