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 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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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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