Gold, Silver, Copper and Crude Oil Briefing
$GLD, $SLV, $CU, $USO, $OIL
Commentary: Nothing new. PE
Brent Crude at 68.47, and WTI Crude Oil at 62.98 have come off as expected. Weekly resistance on Brent Crude and 3-Day resistance on WTI Crude Oil has been holding well and Brent Crude is likely to come off towards 67.70 or lower in here. WTI Crude Oil may test to 62.50-62.00. Near term looks Bearish to me.
Gold at 1329.83 is trading above interim support 1325, and while that holds, the precious Yellow metal could move up towards 1340-1345 next week. Near term looks Bullish to me.
Copper at 3.2075 to gradually move down to test 3.15 before bouncing up. Some ranged movement is seen below 3.30. Near term looks Bearish to me.
Have a terrific weekend
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