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 66.32 dipped, contrary to my expectation of a rise to 68-69. This raises chances of a break below 66, then 65 near term, as long as it trades below 67.

WTI Crude Oil at 62.67 fell from 64 instead of rising to my target at 65, now is may falldown to test 62.

Brent-WTI Spread at 3.65 may test at 3.70/75 from where another dip looks likely in here.

Gold at 1317.43 moved down against my Bullish expectation to 1360/70.

Note: 1st support is at 1310, which if holds may drive the Gold price back to 1340-1350 near term.

Copper at 3.1785) is down Vs my expectation to test at 3.30. A dip is possible to 3.15 before trying to move up.

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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